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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

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...

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