MAS has opened up more investment options to Singaporeans, including guaranteed savings bonds and enhanced access to ETFs and corporate bonds.
Words by Calvin Yeo
Good news: investing for your retirement just got easier.
The Monetary Authority of Singapore (MAS) will be opening up more investment options for local investors, announced Senior Minister of State for Finance and Transport Josephine Teo at an investment industry conference yesterday.
- Making it easier to buy Exchange Traded Funds
- Giving investors better access to corporate bonds
- Introducing the new Singapore Savings Bonds
These initiatives, we believe, will be a step forward in helping Singaporeans plan for their retirement, which has become increasingly important due to the rising life expectancy in Singapore.
Easier to buy Exchange Traded Funds (ETFs)
We’ve actually highlighted to the MAS on multiple occasions and during the pre-Budget meeting to make ETFs more accessible to local investors, so it’s nice to see that they’re finally playing ball.
ETFs, as its name suggests, are investment funds listed on the stock exchange that allow you to buy a basket of stocks (such as the STI top 30 stocks) instead of buying one stock at a time. You get to invest in all the stocks with a small …read more