KUALA LUMPUR: HSBC's The Affluent Investor Snapshot 2024, found that affluent Malaysians were investing their money in stocks, unit trusts, fixed deposits and bonds.
For future investments, they are looking at Exchange Traded Funds (ETFs), commodities, annuities, and Real Estate Investment Trusts (REITs).
The online survey conducted in March found that affluent Malaysians ranked among the most invested and are looking to put in more than half (52 per cent) of their current cash holdings into investments in the next 12 months.
Conducted across 11 markets namely, Hong Kong, India, Indonesia, mainland China, Malaysia, Mexico, Singapore, Taiwan, UAE, United Kingdom and the United States, the research captured insights from 11,230 affluent investors aged 25 to 69.
Each person possessed investable assets ranging from US$ 100,000 to US$ 2 million.
HSBC said affluent Malaysians held an average of five products and asset classes in their investment portfolio, higher than the global average.
About 47 per cent of affluent Malaysians plan to invest more in other markets, higher than the global average of 41 per cent.
Affluent Malaysians are also very engaged in their investment portfolios, judging by the frequency that they monitor their investments which is at 9 times per month; one of the highest among the markets surveyed.
"HSBC's Affluent Investor Snapshot provides a temperature check of the investment behaviours and trends of affluent individuals across 11 markets. Based on the survey findings of Malaysia, affluent investors are strengthening their portfolios by adopting an asset diversification strategy and by putting more cash to work," HSBC Malaysia country head of wealth and personal banking Linda Yip said.