S'pore retail investor confidence takes a hit

Singapore

CONFIDENCE among Singapore retail investors is at its lowest level since December 2012, but still above neutral, according to a half-yearly survey by JP Morgan Asset Management.

The survey also found a sharp shift towards multi-asset funds as investors deal with multiple uncertainties in the market.

The Investor Confidence index fell eight points to 113 in December 2014 from 121 in June. That was the lowest reading since December 2012, when the index was at 106.

But sentiment is still positive, with a reading above 100 indicating that confide…