Singapore investors - cash-rich and risk-averse
BlackRock global survey finds that they typically keep more cash in their portfolio than they know is ideal and want guaranteed returns from investments
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Singapore
CASH-RICH Singapore investors are confident about their financial future and in the local stock market, and save proportionately more than their peers around the world. But they are also reluctant to take risks, and typically seek guaranteed returns from their investments, a survey of 1,000 local investors by asset manager BlackRock has found.
Sabrina Gan, BlackRock's Singapore head of retail distribution, said: "Investors need to understand simple concepts like risk and return. If they want everything to be guaranteed, that will not meet their return requirements and might not even beat inflation expectations."
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