Home News Featured News Schroders: "Singapore investors are overly optimistic about income returns"

Schroders: “Singapore investors are overly optimistic about income returns”

Author

Date

Category

- Advertisement -

By: Kheng-Liang Tan

According to its latest Global Investor Survey covering 20,000 people accross 28 countries, asset management firm Schroders found that Singaporean investors have an unrealistic expectations of investment returns.

On average, investors in Singapore expects a minimum returns of 9.2% per annum. Within different age groups, millennials expect the most at 9.6% while those above 36 expect a more modest 8.9%.

Such figures can be contrasted with the average market yield of 3.8%.

- Advertisement -

In Singaore, investors stay invested for 3.06 years on average. Millennials hold their investments for an average of 2.61 years while their older counterparts do so for 3.47 years.

In the survey, “investors” are defined as those who will be investing at least 10,000 euros (or equivalent) in the next 12 months and who have made changes to their investments within the last five years.

Schroders also highlighted that the average Singaporean only starts saving for retirement at 31.5 years of age, while setting aside only 14.9 per cent of their annual income.

Susan Soh, Schroders Singapore Country Head, said that “some investors will not have accumulated sufficient funds to support their desired retirement lifestyle.”

Send in your scoop to news@theindependent.sg 

- Advertisement -

NAC: Stop quarrelling with The Substation and help Chiya Amos

The late DPM, Foreign and Culture Minister S Rajaratnamonce observed that many Singaporeans knew the exact price of almost everything but could not always appreciate the real value of certain things. I might add until it’s too late. Is this trait...

Pining for pizza? These pizzerias will surely satisfy your cravings

Singapore — With all the interesting food choices out there, pizza remains a fan favourite, perfect for pleasing palates of all ages. But where to go for your pizza fix? Tired of nondescript, fast food-style pizza? It is a universal truth...

Ong Ye Kung: Train fares so far are not enough to cover operating costs

Singapore – While the government will continue to subsidise rail and bus operations, the bill to taxpayers "cannot keep ballooning," said Transport Minister Ong Ye Kung, noting fares also need to be adjusted. Speaking in Parliament during his ministry's Committee of Supply...

Send in your scoop to news@theindependent.sg 

Theindependent