Business
Standard Chartered CEO Says Stocks Still Belong in Retirement Plans Despite Swings
Reported by Pooja Nair (Section Editor) · Economic Times - Markets ·
Reported by one source so far
Equities must stay a key part of retirement savings even when markets go up and down. Judy Hsu, who is the chief executive officer of Standard Chartered, pointed out this advice during a recent talk. She noted that stocks end up beating cash over a full market cycle. At the same time, recent market shifts have led to money moving out of Indian stock markets because of changes in the global economy.
Client Trends
Banks are seeing new habits among wealthy clients. Standard Chartered noticed a fast jump in how much high net worth individuals care about private credit. On top of that, business owners are now the group growing the fastest among the bank's rich clients across the world.
Context
Retirement planning usually requires a mix of different assets to balance risk and growth over many years. Even when global markets shift and money moves around, long-term investors often rely on stocks to help build wealth over cash. Financial institutions track these shifts closely to guide wealthy clients who look for new ways to grow their money.
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