SGX to hold second investment carnival at VivoCity this weekend

The Singapore Exchange (SGX) offices in Shenton Way. SGX will hold its second investment carnival this weekend in front of Vivocity. -- PHOTO: REUTERS
The Singapore Exchange (SGX) offices in Shenton Way. SGX will hold its second investment carnival this weekend in front of Vivocity. -- PHOTO: REUTERS

SINGAPORE - The Singapore Exchange will hold its second investment carnival this weekend, from Saturday to Sunday, in front of Vivocity (outside Bakerzin).

Similar to the first such event in February this year, this weekend's My First Stock Carnival will target new retail investors who are keen to start their investing journey, SGX said. But the investment carnival is also relevant for current investors who wish to learn more about the products available should they be keen to diversify their investment portfolio, it said.

The carnival retains its hands-on approach to guiding what SGX terms the "NIBI's" - Not Invested But Interested - on basic information on investing, setting investment goals and selecting what to invest in.

Staff from SGX will be at the event to explain investment fundamentals to new investors. Budding investors will also learn about investment products that have a relatively lower risk but give stable returns, such as blue chip stocks, Exchange Traded Funds (ETFs) and Real Estate Investment Trusts (Reits). In particular, there will be a focus and highlight on ETFs as a result of the recent regulatory amendments on the definition of Excluded Investment Products (EIP). Retail investors interested should note that SGX will be waiving ETF clearing fees for both institutional and retail investors from June 1 to December 31 this year.

Six brokerage firms, including CIMB, DBS Vickers, Lim & Tan, Maybank Kim Eng, RHB and Phillip Securities, will also be at the event to help investors with opening trading accounts and to activate their first transaction.

Based on the success of the carnival that was held at Cathay Cineleisure in February which attracted over 6,000 visitors, SGX anticipates more participants this time and has increased the venue footprint by four times. They have also set up a children's play area at the carnival for those who are bringing their young families along.