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Business Times
4 days ago
- Business
- Business Times
US$1.39 million: That's the sum Singapore affluents say they need to retire comfortably
[SINGAPORE] Affluent investors based in Singapore said they will need US$1.39 million on average to retire comfortably – above the global average of US$1.05 million, according to HSBC's 2025 Affluent Investor Snapshot report released on Wednesday (Jul 9). That surpasses the retirement savings targets cited by investors in Hong Kong (US$1.11 million), Australia (US$1.23 million) and United Arab Emirates (US$1.17 million). The study surveyed about 11,000 affluent investors across 12 markets globally, aged 21 to 69, each possessing investable assets ranging from US$100,000 to US$2 million. The study also revealed that Singapore was one of the top destinations for investors to move their money to. It placed Singapore alongside the US and Hong Kong as the top three jurisdictions for opening overseas investment accounts. From cash to gold: a shift in investor allocations Singapore investors are also shifting their portfolio allocations. While cash remains the largest single asset class at 24 per cent, allocations have declined compared to last year. In tandem, exposure to gold and precious metals has risen 40 per cent year on year. There is also growing interest in alternative assets such as private equity and hedge funds, as investors seek diversification amid macroeconomic uncertainty and market volatility. A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up Globally, the pivot away from cash is even more pronounced, with affluent investors reducing their cash holdings by nearly 40 per cent. They also raised their gold allocations by 120 per cent and doubled their investments in alternative assets such as private equity and hedge funds. Despite heightened uncertainty and rising living costs, nearly two-thirds of affluent investors in Singapore remain confident about achieving their long-term financial goals. The optimism is particularly pronounced among younger investors, with about 70 per cent of Gen Z and millennials expressing confidence – outpacing their Gen X and baby boomer counterparts, where the figure stands at 60 per cent. While retirement planning and wealth accumulation remain key priorities, saving for leisure and personal well-being has now emerged as the top financial objective for Singapore investors. This shift suggests a recalibration of long-term goals, especially among younger segments who are balancing financial prudence with lifestyle aspirations Broader product adoption among younger investors Notably, younger investors in Singapore are also diversifying the way they build their portfolios, moving beyond traditional asset classes and embracing a broader set of investment products. The report found strong demand among younger investors for digital gold, multi-asset solutions, private market funds (equity or credit), mutual funds or unit trusts and hedge funds. This signals a more diverse approach to portfolio construction, particularly among digital-native investors who are comfortable navigating a wider range of financial products.
Business Times
4 days ago
- Business
- Business Times
Affluent Singapore respondents say they need US$1.39 million to retire comfortably: HSBC survey
[SINGAPORE] Affluent investors based in Singapore said they will need US$1.39 million on average to retire comfortably – well above the global average of US$1.05 million, according to HSBC's 2025 Affluent Investor Snapshot report released on Wednesday (Jul 9). That surpasses the retirement savings targets cited by investors in Hong Kong (US$1.11 million), Australia (US$1.23 million) and United Arab Emirates (US$1.17 million). The study surveyed more than 10,000 affluent investors across 12 markets globally, aged 21 to 69, each possessing investable assets ranging from US$100,000 to US$2 million. The study also revealed that Singapore was one of the top destinations for investors to move their money to. It placed Singapore alongside the US and Hong Kong as the top three jurisdictions for opening overseas investment accounts. From cash to gold: a shift in investor allocations Singapore investors are also shifting their portfolio allocations. While cash remains the largest single asset class at 24 per cent, allocations have declined compared to last year. In tandem, exposure to gold and precious metals has risen 40 per cent year-on-year. There is also growing interest in alternative assets such as private equity and hedge funds, as investors seek diversification amid macroeconomic uncertainty and market volatility. A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up Globally, the pivot away from cash is even more pronounced, with affluent investors reducing their cash holdings by nearly 40 per cent. They also raised their gold allocations by 120 per cent and doubled their investments in alternative assets such as private equity and hedge funds. Despite heightened uncertainty and rising living costs, nearly two-thirds of affluent investors in Singapore remain confident about achieving their long-term financial goals. The optimism is particularly pronounced among younger investors, with about 70 per cent of Gen Z and millennials expressing confidence – outpacing their Gen X and baby boomer counterparts, where the figure stands at 60 per cent. While retirement planning and wealth accumulation remain key priorities, saving for leisure and personal well-being has now emerged as the top financial objective for Singapore investors. This shift suggests a recalibration of long-term goals, especially among younger segments who are balancing financial prudence with lifestyle aspirations Broader product adoption among younger investors Notably, younger investors in Singapore are also diversifying the way they build their portfolios, moving beyond traditional asset classes and embracing a broader set of investment products. The report found strong demand among younger investors for digital gold, multi-asset solutions, private market funds (equity or credit), mutual funds or unit trusts and hedge funds. This signals a more diverse approach to portfolio construction, particularly among digital-native investors who are comfortable navigating a wider range of financial products.
Economic Times
5 days ago
- Business
- Economic Times
Affluent Indians shift gears as interest rises in alternatives, gold, global investing: HSBC report
Wealthy Indian investors are signaling a notable shift in their investment strategy, with a rising preference for alternative assets, managed solutions, and overseas diversification, according to the HSBC 2025 Affluent Investor Snapshot. ADVERTISEMENT The report, based on a survey of 10,797 affluent investors across 12 global markets, reveals a growing appetite for diversified portfolios, especially among Indian investors who are increasingly looking beyond traditional holdings. HSBC notes that affluent Indians are now leaning toward multi-asset strategies, alternative investments, and managed products like mutual funds, reflecting a broader evolution in wealth management goals. According to Sandeep Batra, Head of International Wealth and Personal Banking at HSBC India, 'There is a notable shift among affluent individuals in India toward a more strategic approach to portfolio management. There is a growing emphasis on making money work harder over extended time horizons.' He added that Indian investors are 'actively diversifying across various asset classes, including alternatives, and exploring opportunities beyond their domestic markets.'Within Indian portfolios, gold has seen the highest increase in allocation over the past year, rising from 8% to 15%, followed by alternative investments. Managed investments, equities, and gold remain the dominant holdings. Indian investors also maintain the lowest average cash allocation in Asia at just 15%, indicating a higher willingness to deploy capital into growth-oriented Gen Z and millennial investors are leading this trend, cutting down cash allocations from 31% to 17% on average. In India, while affluent investors have already reduced cash allocations, their global peers remain divided: 30% plan to increase cash allocations, 20% plan to reduce them, and half intend to keep them unchanged over the next 12 months. ADVERTISEMENT Also read: Baseless and malicious: Vedanta slams Viceroy report, says claims 'meant to discredit' the group Affluent investors in India and globally are also showing rising interest in international diversification. The US ranks as the top destination for overseas investments, while markets like Singapore, Hong Kong, UAE, and the UK also remain attractive. HSBC's findings show that 4 in 10 global affluent investors plan to invest internationally in the next 12 months, with the highest intent reported in the UAE (56%) and Singapore (50%). ADVERTISEMENT Notably, investors in key wealth hubs not only look abroad but also show strong preferences for investments within their own regions. The report also notes increasing interest in opening overseas investment accounts, with the US, Singapore, and Hong Kong ranking highest in macroeconomic headwinds, Indian investors remain significantly more optimistic than their global counterparts. According to HSBC's findings, over 90% of Indian respondents are confident in achieving their short-term goals, more than 80% in medium-term goals, and 86% in long-term financial objectives. ADVERTISEMENT Globally, 8 in 10 affluent investors remain confident in meeting their financial goals, with retirement planning emerging as the most important long-term priority across India, property investment, financial support for family, and personal well-being savings top the list of financial priorities. Additionally, 85% of Indian respondents expressed satisfaction with their quality of life, underscoring both financial confidence and lifestyle security despite rising living costs and broader economic concerns. ADVERTISEMENT The report highlights a growing trend of portfolio evolution, where affluent Indian investors are increasingly turning toward alternatives, reducing idle cash, adding gold, and exploring international markets, with confidence and strategic clarity driving the shift. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
5 days ago
- Business
- Time of India
Affluent Indians shift gears as interest rises in alternatives, gold, global investing: HSBC report
Wealthy Indian investors are signaling a notable shift in their investment strategy, with a rising preference for alternative assets, managed solutions, and overseas diversification, according to the HSBC 2025 Affluent Investor Snapshot. The report, based on a survey of 10,797 affluent investors across 12 global markets, reveals a growing appetite for diversified portfolios, especially among Indian investors who are increasingly looking beyond traditional holdings. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Designing & Building Offices Across India Officebanao Get Quote Undo HSBC notes that affluent Indians are now leaning toward multi-asset strategies, alternative investments, and managed products like mutual funds, reflecting a broader evolution in wealth management goals. According to Sandeep Batra, Head of International Wealth and Personal Banking at HSBC India, 'There is a notable shift among affluent individuals in India toward a more strategic approach to portfolio management. There is a growing emphasis on making money work harder over extended time horizons.' He added that Indian investors are 'actively diversifying across various asset classes, including alternatives, and exploring opportunities beyond their domestic markets.' Gold, alternatives lead portfolio changes Within Indian portfolios, gold has seen the highest increase in allocation over the past year, rising from 8% to 15%, followed by alternative investments. Managed investments, equities, and gold remain the dominant holdings. Indian investors also maintain the lowest average cash allocation in Asia at just 15%, indicating a higher willingness to deploy capital into growth-oriented assets. Live Events Globally, Gen Z and millennial investors are leading this trend, cutting down cash allocations from 31% to 17% on average. In India, while affluent investors have already reduced cash allocations, their global peers remain divided: 30% plan to increase cash allocations, 20% plan to reduce them, and half intend to keep them unchanged over the next 12 months. Also read: Baseless and malicious: Vedanta slams Viceroy report, says claims 'meant to discredit' the group Global diversification on the rise Affluent investors in India and globally are also showing rising interest in international diversification. The US ranks as the top destination for overseas investments, while markets like Singapore, Hong Kong, UAE, and the UK also remain attractive. HSBC's findings show that 4 in 10 global affluent investors plan to invest internationally in the next 12 months, with the highest intent reported in the UAE (56%) and Singapore (50%). Notably, investors in key wealth hubs not only look abroad but also show strong preferences for investments within their own regions. The report also notes increasing interest in opening overseas investment accounts, with the US, Singapore, and Hong Kong ranking highest in preference. Confidence high despite global uncertainty Despite macroeconomic headwinds, Indian investors remain significantly more optimistic than their global counterparts. According to HSBC's findings, over 90% of Indian respondents are confident in achieving their short-term goals, more than 80% in medium-term goals, and 86% in long-term financial objectives. Globally, 8 in 10 affluent investors remain confident in meeting their financial goals, with retirement planning emerging as the most important long-term priority across generations. In India, property investment, financial support for family, and personal well-being savings top the list of financial priorities. Additionally, 85% of Indian respondents expressed satisfaction with their quality of life, underscoring both financial confidence and lifestyle security despite rising living costs and broader economic concerns. The report highlights a growing trend of portfolio evolution, where affluent Indian investors are increasingly turning toward alternatives, reducing idle cash, adding gold, and exploring international markets, with confidence and strategic clarity driving the shift.
