to curb inflation and boost the US dollar further. According to moomoo’s trading data, Singapore-based investors increased their portfolio weighting to US dollar -denominated funds accordingly, with Gen X males, in particular, allocating a significant 52.3 per cent of their fund portfolios to USD assets.Among investors between the ages of 22 and 45, funds investment has been especially popular.
Across the different age groups of Singapore investors, moomoo’s trading data indicated that money market funds are dominant and the preferred investment to counter high inflation rates. Gen Y women allocated 25.8 per cent of their portfolio to equity markets, 73.1 per cent to money market funds and 1.1 per cent to bond funds. Their male counterparts had an allocation of 20.4 per cent to equity funds, 77.9 per cent to money market funds and 1.7 per cent to bond funds.
Despite the differences in allocation, one trend stands out – money market funds are the preferred vehicle for many investors who prefer a lower risk investment, whether they’re just starting out or already in possession of well-established portfolios.