More than half of Singaporean retail investors are optimistic about a global bull market continuing into 2026, according to eToro’s latest Retail Investor Beat survey. The survey, which included responses from 1,000 Singaporean investors, reveals that 54% anticipate the market rally will persist into the new year. However, confidence in the local economy and personal investments has declined since the third quarter.
The survey highlights a drop in confidence across several areas: local economic confidence fell from 77% in Q3 to 70% in Q4, job security confidence decreased from 67% to 59%, and confidence in the cost of living standards dropped from 65% to 58%. Additionally, only 44% of investors believe they are on track to achieve their investment goals by 2025, down from 53% last quarter.
Market Analyst Zavier Wong commented, “There’s a hint of uncertainty lingering in Singapore. Whilst the global market outlook looks encouraging, the lived reality at home hasn’t caught up.”
The survey also identified key external risks perceived by investors, with 47% citing slowing economic growth and political uncertainty as major concerns. Geopolitical instability was noted by 43% of respondents.
Regarding interest rates, 46% of investors expect a decrease in 2026, whilst 27% anticipate an increase. Wong noted, “Most investors here believe rates will start to come down next year, but they’re not expecting anything too dramatic.”
As Singaporean investors navigate these mixed signals, their cautious optimism reflects a balance between global market potential and local economic challenges.
