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Matthias Knab, Opalesque:

Legg Mason Global Asset Management writes on Harvest Exchange

Despite one of the longest bull markets in memory, the 2007-8 Global Financial Crisis and the ensuing Great Recession may have permanently changed investor thinking. Millennials are now investing more like their Depression-era grandparents than their Boomer parents - despite their optimism about the future. What do these changes hold for the future of financial markets worldwide? It's taken nine years for financial markets to walk themselves back from the brink. But for investors, some attitudes and approaches may have permanently changed. That's despite clear evidence of a strengthening economic recovery in the developed world, the longest and strongest bull market in equities in decades - and the persistence of the bull market in bonds, despite the beginning of a let-up in monetary stimulus.

The impact of the 2007-8 global financial crisis shows up clearly in the findings of the 2017 Legg Mason Global Investment Survey. Across the 17 countries included in the survey, over half (57%) of today's investors report that their investment decisions are still influenced by the financial crash of 2007-8 and the subsequent recession.

First impressions can last

The influence on both attitudes and behavior is most notable among Millennials. Coming of age duri......................

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