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<!-- headline one : start --><TR>People here more likely to invest in stocks now: Poll
</TR><!-- headline one : end --><!-- Author --><TR><TD class="padlrt8 georgia11 darkgrey bold" colSpan=2>By Joanna Seow
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<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->SINGAPOREANS are more clued-up than most when it comes to investing, given the prevailing zero interest rate environment, according to an Aviva survey.
About 28 per cent of the 500 people polled here said they would be more likely to put their money in the stock market over the next 12 months than they would have in the past year.
The survey conducted by the insurer in February also found that 54 per cent of respondents here would also be more likely to take up savings plans that invest in the stock market over the next 12 months, as these give better returns than those provided by traditional deposit accounts.
These figures are the highest among the countries surveyed - the United States, Britain, Spain, Poland, Singapore and Australia.
Mr Shaun Meadows, chief executive of Aviva in Singapore, Hong Kong and the Middle East, told The Straits Times yesterday that on the whole, Singaporeans are 'much more likely to understand what they want to do with their money'.
The survey was aimed at studying consumer attitudes to the remarkably low interest rates prevalent these days.
Mr Meadows said that 'a zero interest rate means that (consumers') wealth is actually depreciating on an annual basis' if held in deposit accounts, because of the effect of inflation.
The poll also found that four out of five Singaporeans are worried about their financial situation.
'We're advocating that people need to take a balanced view of their overall financial planning and they need to look at not just their short-term and their cash needs, but also be more receptive to longer-term products,' Mr Meadows said. Among the six countries, Singapore was the most bullish about the world returning to what it was before the economic downturn, while respondents from Spain and Britain were the most pessimistic.
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<!-- headline one : start --><TR>People here more likely to invest in stocks now: Poll
</TR><!-- headline one : end --><!-- Author --><TR><TD class="padlrt8 georgia11 darkgrey bold" colSpan=2>By Joanna Seow
</TD></TR><!-- show image if available --></TBODY></TABLE>
<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->SINGAPOREANS are more clued-up than most when it comes to investing, given the prevailing zero interest rate environment, according to an Aviva survey.
About 28 per cent of the 500 people polled here said they would be more likely to put their money in the stock market over the next 12 months than they would have in the past year.
The survey conducted by the insurer in February also found that 54 per cent of respondents here would also be more likely to take up savings plans that invest in the stock market over the next 12 months, as these give better returns than those provided by traditional deposit accounts.
These figures are the highest among the countries surveyed - the United States, Britain, Spain, Poland, Singapore and Australia.
Mr Shaun Meadows, chief executive of Aviva in Singapore, Hong Kong and the Middle East, told The Straits Times yesterday that on the whole, Singaporeans are 'much more likely to understand what they want to do with their money'.
The survey was aimed at studying consumer attitudes to the remarkably low interest rates prevalent these days.
Mr Meadows said that 'a zero interest rate means that (consumers') wealth is actually depreciating on an annual basis' if held in deposit accounts, because of the effect of inflation.
The poll also found that four out of five Singaporeans are worried about their financial situation.
'We're advocating that people need to take a balanced view of their overall financial planning and they need to look at not just their short-term and their cash needs, but also be more receptive to longer-term products,' Mr Meadows said. Among the six countries, Singapore was the most bullish about the world returning to what it was before the economic downturn, while respondents from Spain and Britain were the most pessimistic.
