SGX holding investment carnival to help new investors get started

Singapore

THE Singapore Exchange (SGX) is launching an investment carnival as part of a campaign to educate new investors and encourage them to start investing.

Recent retail investment trends have shown that almost one-third of new retail CDP (central depository) account holders are under the age of 25, SGX said in a press release.

The investment carnival, SGX My First Stock Carnival, is targeted at Nibis (Not Invested But Interested) aged 18 to 30. It will be held at Cathay Cineleisure from Feb 6-8.

The carnival will have a resource centre to provide basic information on investing as well as the types of investment products available.

SGX staff will be on hand to guide the participants on selecting their first investment. They will be given a My First Stock Guidebook. Six brokers will help investors open accounts, activate their first transaction and share with them their respective fee promotions to support smaller board lots.

The Singapore bourse operator is also launching a slew of digital initiatives for its campaign, to better target young investors. One of the tools that it is launching is its mobile app, which will provide investors access to live market updates on the go. The app will be available on both Android and iOS platforms.

Other digital initiatives include an interactive online tool, the SGX Investor Roadmap. This is to help new investors get started on their investment journey. From March 3 this year, SGX will go beyond providing daily market updates on the radio station, 938LIVE, and provide content for a weekly live radio programme, Dollars and Sense. The show will be aired on 938LIVE and will be broadcast every Tuesday from 12.30-1PM.

This campaign ties in with other efforts by the SGX to better engage retail investors. On Jan 19, the bourse introduced smaller board lots.

Each year, SGX also conducts more than 300 investment seminars and courses.