Technology

Singapore investors flock to US market as they eye higher investment returns

Published

4 months ago

July 8, 2024

Moomoo Singapore unveils crypto trading at MooFest 2024

SINGAPORE, July 8, 2024 /PRNewswire/ — Investors in Singapore are increasingly allocating more to the US market, according to data from Moomoo Financial Singapore Pte. Ltd. (Moomoo Singapore).

This was revealed by Mr Gavin Chia, CEO of Moomoo Singapore, in his keynote presentation at MooFest 2024 — Moomoo Singapore’s largest community event of the year.

“Investors are increasingly allocating more funds into key overseas markets, even as they retain Singapore stocks as a staple in their portfolio,” Chia said.

On average, Moomoo Singapore’s profitable clients in the first six months of 2024 allocated 75% of their equity portfolio to the US market, while Singapore stocks formed approximately 20% of their portfolio.

Winning Portfolio

On a whole-of-portfolio basis, equities remain the most popular instrument for investors, forming 50% of a typical winning portfolio. Wealth management products also saw significant allocation.

“Investors are looking to generate higher returns by layering on exposure to key growth markets and sectors, such as US tech names, which saw exponential growth in the first half of the year. At the same time, they are also taking advantage of the higher-for-longer interest rate environment by putting their money in money market funds, given their relative safety and attractive returns,” Chia said.

For investors seeking more portfolio diversification, Chia announced that Moomoo Singapore will soon offer cryptocurrency trading on its platform, just months after receiving the Major Payment Institution (MPI) License from the Monetary Authority of Singapore.

“Cryptocurrency has become an increasingly popular asset class among investors globally, and we are thrilled to be able to meet the demands of our clients in every step of their investment journey,” Chia said.

Thinking Forward, Mastering the Future

Held on 6 July 2024, the event was attended by nearly 3,000 investors — a threefold increase from MooFest 2023.

Among the exciting slew of activities was a series of panel discussions helmed by thought leaders from the financial sector, including a special panel comprising four global stock exchanges, including representatives from Singapore, Japan, and the US.

“This is the first time a financial institution in Singapore has brought together such a star-studded gathering of the brightest minds from key exchanges around the world, highlighting our commitment to play a key role in the local financial ecosystem and be the bridge between investors and the global investment community,” Chia said.

Hiroki Kawai, Senior Executive Officer (Equities, ETF Market Development, Financial Literacy Support and Equities Business Development), Japan Exchange Group, shared a compelling narrative of Japan’s stock market resurgence.

“Now is an opportune moment for retail investors to engage with the Japan stock market. Our corporate transformation initiatives and increased shareholder returns are catalysts for growth,” Kawai said.

He highlighted the strategic restructuring of market segments and the government’s push for asset-based income growth as pivotal elements driving this momentum. “Foreign investment is a vote of confidence in our economic policies,” he added, emphasising the global appeal of the Japanese market.

On the home front in Singapore, real estate investment trusts (REITs) and exchange-traded funds (ETFs) have been the go-to investment options for investors here in today’s investment climate.

“Interest rates have somewhat peaked, and there’s a revived interest in REITs. For example, the latest Fraser Centerpoint Trust placement was 2.5 times oversubscribed, signalling strong investor confidence. This surge in demand indicates a renewed confidence in the stability and income-generating potential of REITs,” said Lily Chia, Head of Regional Equities & FICC Sales, SGX Group.

She also highlighted the growing trend towards passive investing. “The move towards passive investing is unmistakable,” Chia explained. “In a world of geopolitical and economic uncertainty, ETFs offer a sanctuary of stability and growth. Our strong suite of ETFs, which includes equity, fixed income, and commodities like gold, has performed exceptionally well, often outperforming traditional asset management strategies.”

Tech and Innovation as Key Drivers

As a next-generation digitalised brokerage, Moomoo Singapore is a firm believer in the role of technology and education to empower our clients to meet their financial aspirations.

“Our clients are not just participants; they are pioneers. By democratising access to sophisticated tools and insights, we ensure our investors are well-informed decision-makers,” Echo Zhao, Country Head, Moomoo Singapore, said as part of the panel discussions.

She highlighted moomoo’s commitment to leveraging technology for investor education. “We collaborate with partners like Nasdaq to provide top-tier data and insights,” Zhao added. “Our platform offers a wealth of educational resources, from webinars to live seminars, ensuring our clients can make informed investment decisions.”

James McKeone, Vice President (Head of Investment Intelligence, APAC), Nasdaq, highlighted the critical role of innovation in driving U.S market performance. “US companies like Apple, Nvidia, Microsoft, and Amazon lead the world in innovation,” McKeone explained.

“This innovation translates into significant growth opportunities for investors. Since 2019, retail trading on US stocks has doubled, showcasing the global appeal and confidence in the US market.”

James also emphasised the importance of data and education in navigating the complexities of the U.S. market. “Working with Moomoo, we ensure that investors have access to the best market data,” McKeone said. “Our educational initiatives, including videos and content in local languages, help investors understand and leverage this data for informed decision-making.

He stressed that understanding the market depth is crucial. “In your moomoo app, for U.S stocks, you have 60 levels of pricing and quote information,” McKeone explained. “This market depth data allows investors to see under the surface, providing insights into support levels and market sentiment.”

– End –

About Moomoo Singapore

Moomoo Financial Singapore Pte. Ltd. (Moomoo Singapore) is an award-winning advanced financial technology company transforming the investing experience through our digitalised brokerage and wealth management platform – moomoo. Moomoo enhances the user experience with market data, news, and powerful analytical tools. Moomoo also embeds a unique digitalised investment community to connect all users, investors, companies, analysts, media and key opinion leaders.

In Singapore, Moomoo Financial Singapore Pte. Ltd. (www.moomoo.com/sg) offers investment products for trading via the moomoo platform, and it is a capital markets services license holder regulated by the Monetary Authority of Singapore (Licence No. CMS101000), Major Payment Institution (Licence No. PS20200617) holder with the Exempt Financial Adviser Status. In April 2024, Moomoo Singapore reached the 1 million users milestone in Singapore.

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SOURCE moomoo

Technology

Orion Innovation Names Brian Bronson Chief Executive Officer

Published

1 hour ago

November 15, 2024

Technology Industry Executive and Leader to Drive Next Phase of Company Growth

EDISON, N.J., Nov. 15, 2024 /PRNewswire/ — Orion Innovation (“Orion”), a leading digital transformation and product development services firm, today announced the appointment of Brian Bronson as Chief Executive Officer, effective immediately. With over 25 years of leadership experience across global technology sectors, Bronson will lead Orion’s next phase of growth and transformation, focusing on expanding the company’s digital capabilities and market presence. Brian succeeds Raj Patil, who will transition to an advisory role with the company and One Equity Partners.

“Brian’s impressive track record of driving profitable growth and leading large-scale organizational transformation makes him the ideal leader for Orion’s next chapter,” said Carlo Padovano, Partner at One Equity Partners and Lead Director of Orion Innovation. “His deep expertise in product engineering, GenAI adoption, and digital transformation perfectly aligns with our vision for Orion’s future.

On behalf of the Orion Board, I’d like to thank Raj for his leadership and dedication in helping develop Orion into a market leader. Raj will transition to an advisory role with the company and One Equity Partners.”

“I’m honored to take on this role and excited about the tremendous opportunities ahead for Orion,” said Bronson. “The company has built an impressive foundation with a blue-chip roster of clients, a global delivery platform, and a talented team with deep domain and engineering expertise. I look forward to working closely with our employees, clients, and partners as we deliver transformative solutions to our clients, drive innovation, and scale our capabilities.”

Before joining Orion, Brian served as EVP of US Telecom, Media, and Entertainment at Capgemini. Additionally, he led the integration and execution of Capgemini’s global engineering services business across the Americas and Asia. This included driving growth in many industries leveraging innovative capabilities tied to 5G, connectivity, and software product engineering. Previously, as President & CEO of Radisys, a leading provider of open telecom solutions, he led the company’s strategic transformation from a hardware company to a provider of cutting-edge software and enabling technologies for the telecom, technology, and medical industries. This transformation culminated in the sale of Radisys to Reliance Industries in 2018, marking a successful exit for the company.

About Orion Innovation

Orion Innovation (“Orion”) is a leading digital transformation and product development services firm. Rooted in engineering and design thinking, along with a unique combination of agility, scale, and maturity, its team of approximately 6,400 associates helps Fortune 1000 companies improve efficiencies, enhance customer experiences, and develop new digital offerings. Through its delivery centers in North America, EMEA, India and Latin America, Orion serves clients across Telecom, Media & Technology, Sports & Entertainment, Professional Services, Financial Services, and Healthcare industries. For more information, visit www.orioninc.com.

About One Equity Partners

One Equity Partners (“OEP”) is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm seeks to build market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 400 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt and Amsterdam. For more information, please visit www.oneequity.com.

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Technology

Morrison Securities launches one of Australia’s first plug-and-play global trading to 15 countries with ViewTrade

Published

1 hour ago

November 15, 2024

SYDNEY, Nov. 15, 2024 /PRNewswire/ — Equities clearing business Morrison Securities (“Morrison”) is launching one of Australia’s first plug-and-play global trading to 15 countries with trading technology provider ViewTrade.

This will mean Morrison’s 38,000+ active clients trading $30 billion annually will only need to go through KYC once and then will be provided unprecedented rapid global trading access.

Morrison will now also offer enhanced global equity and options trading, fixed income, ETFs, seamlessly integrate domestic and global trading, and choice between fully disclosed or omnibus operating models.

ViewTrade has calculated that implementation of solutions like this across all of Australia’s global trading could generate efficiencies of nearly $240 million annually.

A business the size of Morisson launching this solution is a watershed moment for enhancing global opportunities for Australia’s wealth management sector, according to ViewTrade.

Nigel Singh, CEO of ViewTrade International Australia, said: “We are excited to work with Morrison Securities. Together, we are unlocking a world of investment opportunities for Australians. By accessing global markets, firms can offer their clients more diversified portfolios, reducing risk and protecting wealth. This benefits both domestic and international clients. We invite other firms to join us in this partnership and unlock the potential of global market access.”

William Slack, CEO of Morrison Securities, said: “We’ve designed a solution that integrates global market access into our domestic offering for a superior customer experience. With our combined expertise, we’re confident in delivering an efficient, scalable solution tailored to the specific needs of our clients.”

Laksh Gangwani, Chief Revenue Officer – APAC and Middle East at ViewTrade, added: “We are thrilled about the partnership with Morrison Securities as they launch one of Australia’s first plug-and-play global trading solutions to 15 countries. Morrison’s integrated approach to technology, compliance, and operations is enabling investors to complete KYC once, while accessing multiple markets and asset classes with ease. This will ensure Australian investors can build diversified international portfolios with ease.”

ViewTrade (www.viewtrade.com) is a global leader in investment and trading infrastructure solutions that power cross-border investing for financial services firms throughout the world. ViewTrade provides the technology, support, and brokerage services that business innovators need to launch or enhance retail investing experiences. For more than 20 years, ViewTrade has partnered with over 300 clients – from technology startups to large banks, brokers and advisors – to deliver innovative investment solutions and exceptional customer service.

Morrison Securities (https://www.morrisonsecurities.com/) Established in 1985, Morrison Securities is an Australian Broking firm specialising in trading, execution, and clearing services tailored to advisory firms and wholesale clients. They partner with firms to navigate operational challenges and help them realise their full potential. Their comprehensive suite of solutions covers seamless international market access, advanced equities and options trading, capital raising and DVP settlement services, integrated APIs, and stock lending. With a platform-agnostic approach and enterprise-level client service, they prioritise operational excellence and long-term partnerships.

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SOURCE ViewTrade

Technology

Australia’s least-favourite chores just got easier with Roborock’s Black Friday & Cyber Monday deals

Published

1 hour ago

November 15, 2024

SYDNEY, Nov. 15, 2024 /PRNewswire/ — Roborock, the global best-selling robot vacuum brand[i], is thrilled to announce its exclusive deals for Black Friday and Cyber Monday 2024.

Starting from 21 November to 4 December 2024, Roborock is offering significant discounts on a wide range of popular models, with savings of up to $700 – including popular models such as the S8 MaxV Ultra, Qrevo MaxV, Q8 Max+, Qrevo Master, Qrevo S, and Flexi Pro.

In a recent survey conducted across Australia, Roborock found that 27% of Australians would happily skip cleaning their floors forever, with many Aussies also admitting to neglecting high-maintenance tasks such as vacuuming, mopping, and appliance cleaning. With these cleaning challenges in mind, Roborock is offering unbeatable savings on popular models across Black Friday and Cyber Monday, with savings of up to $700.

The deals are available at Robrock Australia’s Official Online Store, Roborock’s Amazon storefront and all authorised retailers.

Black Friday & Cyber Monday Deals

S8 MaxV Ultra – (SAVE $700) – MSRP $2,999 / Promo: $2,299The S8 MaxV Ultra is the company’s most powerful one-stop cleaning solution, combining the company’s most sophisticated deep cleaning technology with user-friendly features. The model introduces a unique robotic arm and an extra mop that efficiently cleans challenging areas with complete corner cleaning capabilities. Newly launched.Qrevo Master – (SAVE $700) – MSRP $2,699 / Promo: $1,999Newly launched and the most advanced model in the mid-range Qrevo series, the Qrevo Master is built for those who seek top-of-the-line cleaning technology at a mid-range price point. With high-powered suction, deep corner cleaning capabilities, and complete self-maintenance features, it’s designed to tackle the toughest cleaning challenges effortlessly.

Qrevo MaxV – (SAVE $700) – MSRP $2,199 / Promo: $1,499Offers users a complete hands-free floor cleaning experience at the mid-range price point, taking both vacuuming and mopping off your plate while combining powerful cleaning functions, self-maintenance capabilities, and intelligent features such – as pet recognition from flagship models – into one convenient cleaning package.

Qrevo S – (SAVE $400) – MSRP $1,499 / Promo: $1,099Newly launched, the Qrevo S is ideal for those looking for their first robot vacuum that excels at both vacuuming and mopping with self-maintenance features. It blends cleaning performance with a streamlined design for everyday cleaning.

Q8 Max+ – (SAVE $500) – MSRP $1,299 / Promo: $799The Q8 Max+ delivers high-performance cleaning with enhanced navigation and automatic dirt disposal. It’s equipped with powerful suction and a flagship roller brush system making it perfect for homes with mainly hard floors, ensuring a deep and thorough clean.

Flexi Pro – (SAVE $300) – MSRP $999 / Promo: $699 (Available starting 14th November)The Flexi Pro is a versatile handheld vacuum option designed for deep floor cleaning and tight spaces. Capable of handling both wet and dry messes, and the ability to clean itself after every clean-up, the Flexi Pro tackles all types of messes with ease.

According to Roborock’s recent survey, garages are the dirtiest spaces in Australian homes, with 46% of respondents admitting they need more attention. Other problem areas include bathrooms (41%), kitchens (38%), and even kids’ playrooms (32%). Given the demands of busy lives, it’s easy to see why some chores fall through the cracks.

With these exclusive Black Friday and Cyber Monday offers, Roborock makes it easier than ever for Aussies to maintain a clean and comfortable home – without the hassle. Whether it’s tackling neglected garages, high-traffic kitchens, or hard-to-reach corners in the bathroom, Roborock’s innovative products are ready to take on the task.

For more information on Roborock products, please visit https://au.roborock.com

-ENDS-

Notes to Editors:

The Roborock survey was conducted by TGM Research and involved 1,028 nationally representative respondents across Australia. The survey aimed to understand the cleaning habits, preferences, and challenges faced by Australians ahead of the launch of Roborock’s Qrevo Master, Qrevo S and H5.

About Roborock  

Roborock is a leading smart cleaning brand renowned for its intelligent cleaning solutions. With a steadfast dedication to becoming a global leading smart appliance player, Roborock enriches liveswith its innovative line of robotic, cordless, wet/dry vacuum cleaners, and washer-dryers. Rooted in a user-centric approach, our R&D-driven solutions cater to diverse cleaning needs in over 15 million homes across 170+ countries.  Headquartered in Beijing and with strategic subsidiaries in key markets, including the United States, Japan, the Netherlands, Poland, Germany, and South Korea, Roborock is dedicated to elevating its market presence worldwide. For more information, visit https://au.roborock.com/. 

[i] [1] The data comes from Euromonitor International (Shanghai) Co., Ltd. The sales figures of robotic vacuum cleaners worldwide in the first three quarters of 2023 (in RMB hundred million) were used for calculation. Roborock ranks first in the industry. Robotic vacuum cleaner refers to vacuum cleaners that automatically move around rooms using sensors to clean floors. The research was completed in February 2024.

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SOURCE Roborock