No sign of panic exit from Singapore investors despite volatility: Endowus

Published Wed, Jul 15, 2020 · 09:50 PM

Singapore

ROBO-ADVISER Endowus has seen "no mass panic" from Singapore investors despite the recent market volatility prompted by the outbreak of Covid-19, with the rush of liquidity continuing to drive more inflows.

"We saw very little outflow, but a steady inflow of funds throughout the whole period, even when markets were coming down," Endowus' chief investment officer Samuel Rhee told The Business Times.

"The behaviour of investors has been normal and there hasn't been any kind of mass panic or dire financial situations driving investment decisions", he said.

Despite wild market swings as a result of the pandemic, the stock market has rebounded in recent weeks, inching closer towards pr…