Moomoo Market Outlook: Over 80% of Aussie Investors Missing Out: Untapped Potential in US Emerging Tech

SYDNEY, Oct. 26, 2023 /PRNewswire/ -- A significant portion of Australians are overlooking opportunities to grow their investment portfolios and gain exposure to booming overseas industries such as Artificial Intelligence (AI).

According to the ASX Australian Investor Study 2023, approximately 51% of Australians invest, and only 16% of Aussie investors have international shares in their portfolio.

Moomoo's Market Strategist Jessica Amir says this lack of diversification means Australians are likely missing out on generation-changing companies involved in fast-growing industries.

"The AI market is projected to surge 900 per cent to $300 billion by 2026, and spending on AI chips is expected to grow by 30 per cent per annum to $165 billion by 2030*," Ms Amir said.

"The companies pioneering this technology such as Nvidia, Intel, Google, and Microsoft are listed overseas, so the US market is where the potential lies.

"Australian investors should explore global exchanges and these booming industries, to gain exposure to this potential growth."

Key to leveraging the potential benefits from global diversification is both accessibility and education for Aussie investors—moomoo was the first platform to extend trading hours and bring round-the-clock trading for US markets to Australian investors.

Moomoo Chief Market Strategist Matt Wilson says that for moomoo's Australian users, more access to international markets is one of the most popular requests, and Australian users are especially interested in more diverse US asset classes.

"We are the only platform in Australia offering 24/5 US trading for over 160 US stocks and ETFs, meaning the only platform that offers extended trading hours compatible with Australian time zones," said Mr Wilson.

"Other tools help investors identify and understand trading strategies, such as Institutional Tracker which provides insights into trades and holdings of renowned investors like Warren Buffett's Berkshire and Cathy Wood's ARK Invest."

With over 60% of its global workforce in research and IT development, moomoo has an advanced customer service system and an offline community engagement strategy to gather user feedback and execute updates on its trading app with rapid speed.

"Incumbent platforms in the Australian trading space simply cannot meet this demand, with most unable to respond to customer demands for global markets and features that have spiked in popularity," Mr Wilson said.

"The moomoo platform is the most technically advanced trading platform in market, yet one of the easiest to use, offering a huge array of tools to help hone in on the best trading opportunities.

"We are committed to continually evolving our app to best suit Australian users, delivering around 350 new upgrades and product revamps per month as part of our mission to become Australia's leading trading platform." 

Moomoo is pioneering app development efficiency with 2,500 new features introduced in the past six months alone, driven by customer demand and feedback.

Currently, the moomoo app offers advanced charting tools, AI-powered insights, and 100+ stock indicators to identify the best investments for individual strategies.

Moomoo has been awarded Best Share Trading App in the US by America's top finance media Benzinga, and is one of Australia's go-to platforms for US trading.

*Global X Forecast with information derived from StratView Research. (2023, Jan).

For more information or interview request, please contact: [email protected]

For more information, please visit moomoo's official website at www.moomoo.com/au

About moomoo

Moomoo supports Australian investors of all backgrounds and experience levels. Our mission is to eliminate barriers to investing and equip users with the tools they need to achieve their goals.

Moomoo's parent company is Nasdaq Listed (NASDAQ stock code: FUTU). It is a NYSE global strategic partner and is backed by various strategic and venture capital investors including Tencent, BlackRock Inc. and Sequoia Capital.

We believe investing and trading should be simple, seamless and intuitive. Moomoo has access to tools, resources and training to help you get ahead, regardless of your investment experience. Our community can invest in companies that they know and love across Australia, the US and Asia, all with just one app – moomoo.

Whether you are looking to trade or invest in popular US stocks 24 hours a day, five days a week, see what asset management companies (AMCs) such as Warren Buffett's Berkshire Hathaway are buying and selling, access easy-to-understand company financials, or check analyst ratings, we've got you covered. Our free-to-access features allow you to learn from the pros, build your own strategies and leverage AI-powered tools to become a better trader.

Invest in you. Invest in your financial future. Join moomoo; Aussies' go-to choice for US Stocks.

SOURCE moomoo