Investors could have more ways to grow retirement funds with plans for new SRS products in 2024

Hugh Chung, Endowus Chief Investment Advisory Officer, noted that alternatives could potentially optimise overall portfolio risk and returns if they were introduced into the SRS product range. Inflation-adjusted returns on SRS cash at 0.05% are negative and it would be more prudent to invest idle cash in diversified portfolios to potentially earn higher returns. Younger SRS investors should consider investing in higher-risk asset classes such as equities, and shift their investments into lower-risk products such as T-bills and SSBs closer to SRS withdrawal age.