NEARLY four in 10 investors in Singapore are considering allocating 5 to 15 per cent of their funds to sustainable investments over the next three years, according to a report released on Monday by Standard Chartered Private Bank, the private banking arm of Standard Chartered Bank (Singapore). Read more at The Business Times.
Overall, 42 per cent of survey respondents said they were planning to invest 5 to 15 per cent of their funds in sustainable investments over the next three years.
Those who had invested in sustainable investments in the past also indicated a willingness to invest further. Affluent and HNW investors were generally willing to consider allocating funds towards sustainable investments, regardless of whether they had previous experience making such investments, the report said.
There were also lower drawdowns in healthcare funds, both year to date and during the market pullback in March, highlighting the resilience of the healthcare sector. Sumeet Bhambri, regional head of wealth management, Asean and South Asia and head of wealth management, Singapore, Standard Chartered Bank, added that the lender clocked a 90 per cent growth in assets under management for environmental, social and governance funds on its platform since it started an ESG awareness campaign last month.
The report identified the top barriers to investing as apprehension and a lack of knowledge, motivation and advice.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jurong West Sec 1 student among Covid-19 cases confirmed on July 10
Read more »
10 million kids 'may never return to school' after COVID-19: Save the ChildrenThe coronavirus pandemic has caused an 'unprecedented education emergency' with up to 9.7 million children affected by school closures at risk of ...
Read more »
A responsible opposition crucial to win investors' confidence: PMThe People's Action Party (PAP) has earned a 'good result' in the general election, and the Government will continue to fight to persuade the business community that Singapore is worthy of its confidence and investment, Prime Minister Lee Hsien Loong said yesterday.. Read more at straitstimes.com.
Read more »
Oil slips as traders eye supply cut easing at OPEC meetingSINGAPORE: Oil slipped in early Asian trade on Monday (Jul 13) as traders eyed an OPEC technical meeting this week which is expected to recommend ...
Read more »
COVID-19: Singapore reports 170 new cases, 24 in the communityThe Ministry of Health (MOH) reported a preliminary 170 new COVID-19 cases on Saturday afternoon (10 July), bringing Singapore's total to 45,783.
Read more »