Energy, technology, Asian stocks and healthcare counters are among the top investment themes among Singaporean investors, according to trading data by Moomoo Singapore.
These sectors comprised 31%, 24%, 15% and 6% of Singapore investors’ portfolios respectively, adds the mobile brokerage, which also notes asset allocations to technology counters, Asian and global stocks have grown significantly in 1H2023 compared to the 2H2022.
In Moomoo Singapore’s June 21 release, the brokerage notes that investors are looking for opportunities to enhance their portfolios as the world shifts from fossil-based energy production and consumption to a decarbonized green energy future.
Technology disruptions are also getting broader and more profound, which is driven by the advanced adoption of artificial intelligence and robotics even in the energy sector, it adds.
80% of fund investors profited in 1H2023
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In 1H2023, 80% of Moomoo Singapore’s investors made overall profits, which the brokerage attributes partly to the platform’s big data capabilities to enable its investors to “construct robust and diversified portfolios”.
“Through sophisticated visualisation and data analytics, the platform empowers investors to make well-informed decisions about their portfolios,” says the brokerage.
As at June 18, Moomoo Singapore’s assets under management (AUM) grew by 33% in the past seven months to hit $7 billion.
“The growth in AUM reinforces the company as a trusted, fast-growing digitalised wealth management platform geared at delivering a tech-empowered investing experience,” says Moomoo Singapore.
The brokerage’s AUM growth was attributed to several factors, which includes its pursuit to make fund investing a part of their investors’ everyday lives. Moomoo Singapore’s variety of products – 200 of them to be exact – from over 35 asset managers, also led to the number of fund investors increasing by 33.8% q-o-q in the 1Q2023.
Funds listed on the platform are selected based on a stringent 6P Fund Selection Process that takes into consideration an asset manager’s proven track record, notes the mobile brokerage. The six ‘Ps’ are performance, philosophy, portfolio, people, parent and process.
