SINGAPORE, Oct 23, 2020 - (ACN Newswire) - Xiaomi-backed global
brokerage firm Tiger Brokers shared insights around the investment
behaviour of Generation Z investors (aged between 18 to 24 years
old), analysing about 100,000 Generation Z investors who are
trading on Tiger Brokers' platform during the span of 2015 to 2020.
Gen Z makes up 15% of the company's current 900,000+ customers
worldwide; and 30% of Singapore's total customers since the launch
of Tiger Trade app in February 2020. The findings for the Singapore
sample are in line with the overall findings.
The analysis showed that 45% of Gen Z investors prefers long-term
stocks like Apple, Boeing, and Carnival, 35% real estate investment
trusts (REITs) and exchange traded funds (ETFs) across United
States, Hong Kong and Singapore; 10% are investing in high
volatility stocks, such as Afterpay, Kodak, and Vaccinex and 10% in
options, based on reports and business forecasts. For Q3 2020, the
most traded stocks by Gen Z in Singapore are Tesla, Apple, NIO and
MedTech International.
Wu Tianhua, Group CEO of Tiger Brokers, said, "Gen Z investors tend
to gear towards creating a globally diverse investment portfolio.
Since 2015, we have seen a year-on-year increase of Generation Z
investing on the Tiger Trade platform. We will continue to
strengthen our technology capabilities to provide the necessary
tools to help bolster our investors' trust in the platform."
Tiger Trade's figures show Gen Z investors have a 80:20 split
between traditional stocks and real estate versus volatile stocks
and options. The average fund deposited in a Gen Z Tiger Brokers
trading account was US$3,435, over the last five years.
Fractional Shares for better accessibility to global stocks
Tiger Brokers is currently seeing increasing interest around US
fractional shares from its users, which is a relatively popular
financial product in the US. The fintech company sees fractional
shares as part of its larger efforts to bring a more diverse array
of trading options to its investors, especially Generation Z or new
investors who would like to start with lower capital. Investors can
determine the value that they would like to trade, and Tiger
Brokers will help with the purchase. Investors may access US
fractional shares via the Tiger Trade platform in the near
future.
Tiger Brokers had recently added ASX (Australian Securities
Exchange) in September and Singapore Exchange (SGX) in June,
addressing Singapore-based investors' increasing appetite towards
investing even during the current COVID-19 pandemic: Tiger Brokers
had witnessed a surge in account openings at 126% in 3Q2020 as
compared to 2Q2020, with investors committing smaller premiums at
the beginning of their investment journey.
Eng Thiam Choon, CEO of Tiger Brokers Singapore highlights, "Less
is more - At Tiger Brokers, we noticed a demand for investors for
smaller investment amounts. With our current US market's median
trade size at US$1,200 indicative, some of the US blue chips could
be a hefty start, especially for those who are new to trading. For
example, one can now purchase part of an Amazon stock for a
fraction of the market price which is usually in the range of
US$3,160, US$3,400 depending on the market situation. We believe
fractional shares investment allows individuals, especially for
those who are more conservative with their purchase to have a
chance to invest prudently as well as diversifying their investment
portfolio."
A business with social impact at heart
Tiger Brokers Singapore will also be sponsoring the Annual
Singapore Exchange Bull Charge run as a Bronze sponsor, alongside
DBS Bank, PhillipCapital, Frasers Property, F&N Limited and
more. The team hopes to help raise funds for five different
beneficiaries (Autism Association (Singapore), AWWA Ltd, Fei Yue
Community Services, HCSA Community Services and Shared Services for
Charities), providing them with care and assistance that help them
lead more positive, meaningful and comfortable lives. The run will
be conducted virtually, where participants could start their
virtual run anywhere between 30 October, 6pm to 13 November,
8pm.
"Tiger Brokers believes in giving back to the community. It is in
our culture, values and way of doing business to do what's right
for the community. We give serious consideration to the impact our
business activities may have, not only on our partners and
investors, but also the local communities. We know that many people
or communities have been impacted by the pandemic and we encourage
others to join us in the participation of different charitable
activities of their choice. As a fintech company, we hope to raise
awareness, especially this year where many will need the additional
support to sail through," added Thiam Choon.
About Tiger Brokers (Singapore) Pte Ltd.
Tiger Brokers Singapore Pte Ltd (Tiger Brokers Singapore) is a
brokerage firm operating with a Capital Markets Services (CMS)
Licence from the Monetary Authority of Singapore (MAS). Its trading
platform, Tiger Trade, offers complimentary real-time stock quotes,
dedicated multilingual customer service during trading hours and
24/7 finance news updates. The company launched the mobile version
of Tiger Trade in February 2020 - accessible on Google Play Store
and the Apple App Store - offering mobile-savvy generation of
retail investors similar trading opportunities as their online
users, such as Equities, Exchange-Traded Funds (ETFs), Futures,
Stock Options, Warrants, and Callable Bull/Bear Contract (CBBC) on
their mobile phones. Both online and mobile app allow users to
invest across multiple asset classes traded on the Singapore, U.S.,
Hong Kong and Australia stock markets such as the New York Stock
Exchange (NYSE), NASDAQ, Shanghai/Shenzhen-Hong Kong Stock Connect,
the Hong Kong Stock Exchange (HKEX), the Singapore Stock Exchange
(SGX) and Australian Securities Exchange (ASX).
Tiger Brokers Singapore is the Singapore entity of UP Fintech
Holding Limited, known as "Tiger Brokers" in Asia, a leading online
brokerage firm focusing on global investors. Founded in 2014, Tiger
Brokers became #1 in the U.S. equity trading by volume among
trading platforms catered to Global Chinese investors in less than
two years. Tiger Brokers was awarded "2017 Fintech 250" by CB
Insights and shortlisted for "China Leading Fintech 50" for two
years in a row by KPMG China. The company was listed on NASDAQ
under "TIGR" in 2019 and has offices in China, United States,
Australia, New Zealand and Singapore. Tiger Brokers has over
833,900 customers worldwide currently, with a total trading volume
of US$46.8 billion in Q2 2020. The company is backed by well-known
investors such as Xiaomi, as well as investment guru Jim Rogers.
For more information, please visit
https://www.tigerbrokers.com.sg.
For media enquiries, please contact:
PRecious Communications for Tiger Brokers (Singapore)
Email: Tiger@preciouscomms.com / media@tigerbrokers.com.sg
This article has not been reviewed by the Monetary Authority of
Singapore.
Any views shared with Prospective Clients ("Prospects") are
suggestive in nature and on a sample basis only. This may also be
predicated on assumptions that are made by Tiger Brokers
(Singapore) Pte Ltd about the Prospects' investment objectives and
risk profile. Our suggestive and sample views extended to Prospects
are not to be considered as recommendations made by the Company.
Suggestions provided are also based on information that may be
shared by the Prospects, the accuracy and comprehensiveness of
which Tiger Brokers in not in a position to verify.
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and not an offer to sell or a solicitation to buy. Any date or
price information is indicative only and may be changed without
prior notice. All opinions expressed and facts referred to herein
are subject to change without notice. The information herein was
obtained and derived from sources that we believe are reliable, but
while reasonable care has been taken to ensure that stated facts
are accurate and opinions are fair and reasonable, Tiger Brokers
does not represent that it is accurate or complete and it should
not be relied upon as such. The information expressed herein is
current and does not constitute an offer, recommendation or
solicitation, nor does it constitute any prediction of likely
future stock performance. Investment involves risk. The price of
investment instruments can and do fluctuate, and any individual
instrument may experience upward or downward movements, and under
certain circumstances may even become valueless. Past performance
is not a guarantee of future results. In preparing this
information, we did not take into account the investment
objectives, financial situation or particular needs of any person
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Source: Tiger Brokers (Singapore) Pte Ltd
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