Younger investors have used the pandemic as an opportunity to invest in new markets, research shows.
Analysis by trading platform HYCM found young investors are more confident about their financial prospects than their older and more experienced counterparts.
A survey of 815 UK-based investors found 62 per cent of those aged 18-34 believe they will come out of the pandemic in a stronger financial position than before.
This compares with just 30 per cent among those over 55 and 43 per cent overall.
Almost two thirds, 61 per cent, of younger investors said they view the pandemic as an opportunity to invest in new markets such as environmental, social and governance-focused products.
In contrast, just 12 per cent of older investors felt the same.
“After a tumultuous couple of years, it’s a pleasant surprise to see that the pandemic is breeding a new generation of investors keen to do more with their money, despite the challenges that persist,” Giles Coghlan, analyst for HYCM, said.
“Clearly, younger investors are adopting a trader’s mindset, making snap-quick judgements about their finances and investments in reaction to a changing economy, where inflation is running hot and interest rates are rising fast, as well as making the best of new opportunities born out of the pandemic.”