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Bailey McCann, Opalesque New York: A new survey of investor preferences from AMG Funds, U.S. retail distribution arm of global asset management company, Affiliated Managers Group, Inc. suggests that affluent millennials are interested in investing in alternatives but struggle to find enough information on the options. Approximately 70 percent of millennial respondents in the survey suggested that they would be interested in liquid alternatives if given more information.
The survey polled approximately 1,000 affluent individual investors with over $250,000 in household investable assets – including over 100 "Millennials" between the ages of 18 and 35 – on their forward expectations regarding equity markets and the macroeconomic environment, as well as their mindset and behaviors around investing.
Millennials are also generally optimistic about economic growth in the US. 73 percent of millennials anticipate that the U.S. economy will improve, and a majority expect U.S. and non-U.S. equity markets to rise (74 percent and 56 percent, respectively). This optimism comes despite the relatively depressed economic conditions for millennials as an age cohort.
"What we wanted to do with the survey is get inside the mind of the investor and the millennial investor in particular," explains Bill Finnegan, Chief Marketing Officer at AMG Funds, in an interview with Opalesque. Finnegan authored the survey and adds that millennials are rarely asked about their investing prefe...................... To view our full article Click here
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