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MONEY RELATIONSHIP

MONITOR 2020

Relationship with Money in Uncertain Times

Reflecting on a challenging time for investors

The year 2020 has been heavily defined by the impact of the COVID-19 pandemic, which has led to record declines in global economic activity,  the largest economic recession since the Great Depression, almost a century ago.

As volatility continues to beset financial markets, many investors are desperately looking for safe havens, and more are turning to financial experts for guidance. 

Therefore, St. James’s Place Wealth Management Asia launched this report to better understand the hard truths about how Hong Kongers and Singaporeans manage their money, as well as the softer aspects around how they take on board and use financial advice in building wealth and enriching their lives.

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In this report, you will discover:

  • How Hong Kongers and Singaporeans are investing their money and their attitudes towards and perceptions of various asset classes.

  • The view towards sustainable investing and if it is important for Hong Kong and Singapore investors to consider ESG factors in their investments.

  • Their investment risk appetite and how often they review their investments.

  • The correlation between wealth and happiness in Hong Kong and Singapore.

  • How financially ready Hong Kongers and Singaporeans are for retirement.

  • Their attitudes to saving and if they are saving enough.

Key findings 

Hong Kong

01

78%

lack a financial plan.

02

60%

see ESG factors as a
priority consideration in
their investments.

03

89%

believe being wealthier would make them happier.

04

60%

will divest within a week of
a market downturn.

 

Singapore

01

41%

lack a financial plan.

02

57%

see ESG factors as a

priority consideration in
their investments.

03

83%

believe being wealthier would make them happier.

04

60%

will divest within a week of
a market downturn.

Please note that the value of an investment will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than you invested.

 
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Pursuing financial freedom
through salaried income alone is no longer sufficient.

Amid economic uncertainty,
a plan is critical as investors
are more likely to act on
emotion rather than fact.

MATTHEW DEEPROSE
Head of Business
St. James's Place Hong Kong

GARY HARVEY

Chief Executive Officer

St. James's Place Singapore

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About the Research

The Money Relationship Monitor 2020 is an independent research study undertaken by Sandpiper Communications on behalf of St. James’s Place Wealth Management Asia around financial advice trends in Hong Kong and Singapore. It provides insights into the attitudes of investors, how they perceive money and plan for the future, as well as the impact of money on their relationships.


The findings in this survey were analysed and established through a total of 2,064 interviews conducted online in February and March 2020 in Hong Kong (1,019) and Singapore (1,045). Only respondents that were between the ages of 25-54 and who held personal investments in stocks, property, shares, funds, etc. were interviewed. All respondents were from households with a minimum annual income of between HK$400,000 to over HK$1,500,000 for Hong Kongers and S$70,000 to over S$250,000 for Singaporeans.


Figures included within this research are rounded to the nearest whole number and may not add up to 100%.​

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Important notes

Information and/or opinions presented in this report is provided for research informational purpose only. It should not be relied upon as
financial advice and it does not constitute a recommendation, an offer or solicitation. No responsibility can be accepted for any loss arising from action taken or refrained from based on this publication. All information presented herein is considered to be accurate at the time of production, but no warranty of accuracy is given and no liability in respect of any error or omission is accepted.


©2020 St. James’s Place plc. All rights reserved. “St. James’s Place” and the St. James’s Place Logo are trademarks of St. James’s Place plc.


Excerpts from this report may be used or quoted, provided they are accompanied by the following attribution: ‘Reproduced with permission from The Money Relationship Monitor 2020, published by St. James’s Place Wealth Management.’

 

Please note that the value of an investment with St. James’s Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than you invested.

St. James’s Place (Singapore) Private Limited is regulated by the Monetary Authority of Singapore and is a member of the Investment Management Association of Singapore and Association of Financial Advisers (Singapore). Company Registration No. 200406398R. Capital Markets Services Licence No. CMS100851.

 

St. James’s Place (Hong Kong) Limited is an insurance broker company licensed with the Insurance Authority (Licence No. FB1075), a licensed corporation with the Securities and Futures Commission (CE No. AAV439) and registered as an MPF Intermediary (Registration No. IC000852).

St. James's Place (Shanghai) Limited is a Wholly Foreign Owned Enterprise (WFOE). WFOE registration No. 91310000566573326L.


The ‘St. James’s Place Partnership’ and the titles ‘Partner’ and ‘Partner Practice’ are the marketing terms used to describe St. James’s Place representatives.

Members of the St. James’s Place Partnership in Singapore represent St. James’s Place (Singapore) Private Limited, which is part of the St. James’s Place Wealth Management Group, and it is regulated by the Monetary Authority of Singapore
and is a member of the Investment Management Association of Singapore and Association of Financial Advisers (Singapore). Company Registration No. 200406398R. Capital Markets Services Licence No. CMS100851.


Members of the St. James’s Place Partnership in Hong Kong represent St. James’s Place (Hong Kong) Limited, which is an insurance broker company licensed with the Insurance Authority
(Licence No. FB1075), a licensed corporation with the Securities and Futures Commission (CE No. AAV439) and registered as an MPF Intermediary (Registration No. IC000852).

 

Members of the St. James’s Place Partnership in Shanghai represent St. James’s Place (Shanghai) Limited which is part of the St. James’s Place Wealth Management Group and is a Wholly Foreign Owned Enterprise (WFOE).
WFOE registration No. 91310000566573326L. 
Please note that due to local legislation we are unable to offer our financial planning services to nationals of the People’s Republic of China.


St. James’s Place Wealth Management Group Ltd Registered Office: St. James’s Place House, 1 Tetbury Road, Cirencester, Gloucestershire, GL7 1FP, United Kingdom. Registered in England Number 02627518.

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