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4 in 5 Singapore participants prepare to invest more amidst strong issues over inflation and increasing expenses: Endowus Wealth Insights 2022 


May 4, 2022


SINGAPORE, Might 5, 2022/ PRNewswire/– Endowus, Singapore’s leading digital wealth platform, today released the Endowus Wealth Insights The three-part report breaks down financial investment patterns and insights originated from a research study of 680 Singapore participants from 5 age brackets (listed below 29, 30-39, 40-54, 55-64, 65 and above). The report likewise offers an upgrade on the company’s general efficiency throughout all financial investment portfolios in 2021, in addition to its service technique and views on the basic financial investment outlook for 2022.


The research study, which concluded in February 2022, concentrated on the following styles: financial-related issues and objectives for 2022, investing behaviours and beliefs, in addition to the adoption of offline and online financial investment platforms and services.

Singapore participants are fretted about increasing expenses however strategy to remain invested

One secret finding kept in mind that a big bulk (79%) of Singapore participants are preparing to invest more amidst growing issues over worldwide inflation and volatility in the markets. 19% of Singapore participants kept in mind that they will be keeping to their existing level of financial investments, with less than 2% showing that they will be investing less.

Observing a comparable pattern of customers preparing to remain bought 2022, there is a 19% boost in the overall variety of financed customers on the Endowus platform in the very first quarter of 2022. It merits to keep in mind that the gender space is closing with women now representing 39% of all customers on the platform. Furthermore, it is observed that the more youthful the lifestage of Endowus’ customers, the greater the level of female representation.

In regards to financing source, money stays the dominant source on the Endowus platform. Nevertheless, the portion of customers investing either or both of their CPF and SRS cash has actually increased to over 65% of the Endowus customer base. This recommends more powerful awareness and active adoption of government-approved CPF and SRS financial investment plans.

When inquired about their leading financial-related issue for 2022, a bulk of participants (45%) suggested inflation, while 27% were fretted about retirement adequacy. 12% of Singapore participants likewise suggested that the pandemic’s effect on task security and wage was their leading issue. Unlike all other age classifications, for participants aged listed below 29, the upcoming GST boost (58%) and increasing home expenses (13%) were mentioned as their leading issue.

Increasing appeal of digital financial investment platforms

Digital financial investment platforms are popular amongst participants, with 90% of them presently utilizing digital wealth platforms and robo-advisors. 74% of them are presently utilizing online brokerages while 28% of participants are utilizing digital properties trading platforms. Relatively, just 1 in 5 participants are tapping the services of conventional monetary consultants, while 1 in 4 kept in mind that they are utilizing the financial investment services provided by banking organizations and conventional brokerages.

Amongst participants who are presently not on any digital financial investment platform, a frustrating 92% of participants kept in mind that they prepare to begin utilizing them in 2022. By contrast, financiers might be revealing less interest in offline suppliers– amongst participants who are presently utilizing the services of banking organizations and conventional brokerages, majority suggested that they prepare to stop utilizing these services this year.

When picking a financial investment platform or service provider to utilize, majority (69%) suggested that the reliability of the platform or service provider is the most crucial aspect, followed by expense and costs (13%), and forecasted returns (10%).

” We are lastly seeing the light at the end of the tunnel after more than 2 years of consistent modifications to the altering pandemic environment. Nevertheless, as borders resume and endemic living occurs, we are dealing with a brand-new set of obstacles with stagnating economies and increasing inflation. Sharing comparable beliefs as most of participants in our research study, much of Endowus’ customers have actually revealed issues over the increasing expense of living and current market volatility. Nevertheless, as historic information has actually revealed, continuing to remain invested throughout times of unpredictabilities is a tried and true and effective strategy for long-lasting financiers. Our company believe that this is the very best method for everybody to make sure that they can attain retirement adequacy in the long run,” stated Samuel Rhee, Chairman and Chief Financial Investment Officer of Endowus

Endowus portfolio efficiency

Endowus Core Flagship Cash/SRS 100% equities portfolio ended 2021 with a 22.3% return, surpassing the MSCI All Nation World Index that tracks worldwide established and emerging market stocks. Endowus Core Flagship CPF 100% equities portfolio, which can be flawlessly invested online with one’s CPF Ordinary Account (CPF OA), returned 17%.

In 2022, we are experiencing a boost in market volatility and relentless issues about the macroeconomic environment With the unsteady scenario in Ukraine in late February, v olatility surged even more to a 12-month high in March. In spite of this, the crucial portfolios that are tactical passive possession allotments built by the Endowus Financial investment Workplace have actually continued to reveal durability when compared to benchmark indices in the very first quarter of 2022.

Endowus was established to bring institutional quality wealth management to the person, to empower individuals to live much easier today and be much better gotten ready for the future. Endowus does this by offering skilled monetary guidance and access to best-in-class financial investment services at a low and reasonable charge. Without any sales charges and 100% trailer charge cashback, Endowus has actually returned more than S$ 2 million in trailer costs to its customers in 2021.

Stressing an all-in-one charge design, Endowus is dedicated to driving efficiency throughout all offerings in an objective way by not handling concealed commissions or rewards, and just transparently charging its customers straight.

” 2021 was a great carrying out year for Endowus and our customers. In spite of the unpredictable conditions of markets this year, we stay unfaltering in our evidence-based financial investment viewpoint, and on our objective to democratise premium investing. From the first day, we have actually been defending fairer and more transparent costs for our customers, so it is especially rewarding that we had the ability to return more than $ 2 million of trailer costs to them. We hope this action will motivate other market gamers to put the customer initially, which will result in much better results for everybody. In the wealth management area, the reliability of suppliers is essential to customers, as additional substantiated by the findings from our current research study. We are hence exceptionally honoured that our customers have actually delegated us with more than $ 1.5 billion in properties. We will continue to remain dedicated to supporting more individuals in obtaining much deeper monetary understanding, while supporting them in reaching their wealth objectives successfully and easily,” stated Gregory Van, President of Endowus

About Endowus

Endowus is Asia’s leading fee-only wealth platform. Headquartered in Singapore and accredited by the Monetary Authority of Singapore, Endowus is the very first digital consultant in the area to cover both personal wealth (Money) and public pension cost savings (CPF & & SRS), assisting financiers grow their cash with skilled guidance, gain access to institutional monetary services with low and reasonable costs, and experience a customised digital wealth journey.

Established in 2017, Endowus has actually raised an overall of SGD67 million in financing from financiers such as EDBI, Prosus Ventures, Z Equity Capital, UBS, Samsung Ventures, Singtel Innov8, and worldwide prominent equity capital companies Lightspeed Endeavor Partners and SoftBank Ventures Asia.

Endowus’ management and development have actually been acknowledged by the market and it has actually achieved various awards consisting of Singapore’s Fintech Development in Property Management, CEO of the Year, CIO of the Year (Asia Property Management’s Finest of the Finest Awards 2022), LinkedIn Top Start-ups 2021, and WealthTech of the Year (Asia FinTech Awards 2021).

SOURCE Endowus

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