Singapore online brokerage Tiger Brokers sees strong retail investor growth in Q4 2020 with 108% increase in new user sign ups
Strengthens tech capabilities with partnerships and product launch to tap on growing fintech interest
SINGAPORE, Jan 20, 2021 - (ACN Newswire) - Xiaomi-backed online brokerage Tiger Brokers Singapore (Tiger Brokers https://www.tigerbrokers.com.sg/) today announced that they saw 108 per cent growth in the number of new investors in Q4 2020 as compared to Q3 2020, with trading volume increased by 215 per cent also on a quarter on quarter basis. Since February 2020, Tiger Brokers also saw the increase in Gen Z investors on the platform, which made up 30 per cent of Singapore s customer base.
January 19, 2021
When you consider where to invest your money, you and many other investors might be wondering what’s better: exchange traded funds (ETFs) or exchange traded notes (ETNs) – or both?
When you are constructing your portfolio, it is a good idea to research both products. They both have good diversification aspects and offer benefits that are exclusive to their genre.
S. Wade Hansen for Learning Markets points out the differences between ETFs and ETNs that may help you in the decision-making process. Neither type of investment is inherently good or bad – they both offer benefits. It all depends on what your goals are and what your comfort level happens to be:
January 19, 2021
If you’re just now getting acquainted with exchange traded funds (ETFs), you’re probably wondering what makes them different and better than other investment tools out there. ETFs are similar to mutual funds, in that they’re generally baskets of stocks. But that’s pretty much where the similarities end. ETFs are better. Why? Two of the major reasons are that they trade throughout the day, and they’re completely transparent, meaning, you know what shares the fund holds at any given time. (How to use ETFs in a post-buy-and-hold world).
Are you interested yet? James A. McWhinney for Investopedia has more information on ETFs, to further convince you:
Meanwhile, General Motors surged 9.6%. GM make sup 8.2% of FTXR, 7.6% of CARZ and 3.1% of IDRV.
In a sign of increased interest for autonomous technology, Microsoft joins several others companies investing over $2 billion into General Motors” startup Cruise, bringing Cruise’s valuation to $30 billion, compared to an estimated $19 billion back in spring 2019, the Wall Street Journal reports.
General Motors is the majority stakeholder in Cruise. Cruise also includes stakeholders Honda Motors Co. and other institutional investors.
Cruise will utilize Microsoft’s Azure cloud-computing service to roll out its autonomous-vehicle services. The company been testing driverless vehicles around San Francisco and expects an eventual robot-taxi service. The startup also wants to dabble into commercial deliveries.