According to Bloomberg, retail investors in Singapore have been shunning local stocks in favour of the U.S. market. Their take on the investors’ shift in sentiment is that the local authorities should make bold changes to reinvigorate the domestic bourse.
It’s true that the Singapore shares lacks excitement. The moribund nature of the Singapore market has been blamed on a dearth of local snazzy counters that can give the likes of the NVIDIAs, the Apples and the Teslas of this world a run for their money. Even the Hong Kong and Malaysian markets can be more thrilling than Singapore.
But for some investors, the attraction of the Singapore market is precisely because it doesn’t have high-flying tech stocks. What is so wrong with income-paying banks, REITs and conglomerates?
The financial channel interviewed a few brokers in Singapore who revealed that local investors want to make money, quickly. Who doesn’t? These brokers also believe that investors...