Which stocks are being purchased by Generation Z and Millennials on our platform?
In a recent study by Bux, titled the "NextGen Investor Report 2021," both Generation Z and Millennials were found to be actively purchasing stocks. However, their investment preferences show some striking differences.
Generation Z, which comprises customers under the age of 24, has displayed a diverse range of stock interests. Companies like Tesla, Nio, and Apple, along with struggling firms such as Tui, Blackberry, and the bankrupt Wirecard, suggest that the investment choices of Generation Z may resemble a game more than a traditional approach to the stock market.
Interestingly, Tesla and Arcimoto are among the stocks that have caught the eye of Generation Z. Additionally, Just Eat Takeaway and Plug Power have also found their way onto the generation's list of preferred stocks.
The European Top 600 and the S&P 500 are among the top 10 most-bought index funds (ETFs) for Generation Z. The All-World Dividend index is another prominent inclusion in their top 10 most purchased index funds.
On the other hand, the older generation, Millennials (aged 25 to 40), presents a somewhat different picture. The specific stocks of interest for Millennials were not specified in the report. However, it is noteworthy that the All-World Socially Responsible index is among the top 10 for Millennials, but not for Generation Z.
The survey also revealed that the Generation Z's top 10 most purchased stock funds are predominantly led by ETFs tracking the MSCI World Index. The Xtrackers MSCI World ETF (ISIN: IE00BJ0KDQ92) has been particularly popular across all age groups, including Gen Z.
These findings suggest that while both generations are investing in stocks, their investment choices and preferences differ significantly. As the younger generation continues to grow and develop its financial acumen, it will be interesting to see how these trends evolve in the future.
Read also:
- Federal petition from CEI seeking federal intervention against state climate disclosure laws, alleging these laws negatively impact interstate commerce and surpass constitutional boundaries.
- Duty on cotton imported into India remains unchanged, as U.S. tariffs escalate to their most severe levels yet
- Steak 'n Shake CEO's supposed poor leadership criticism sparks retaliation from Cracker Barrel, accusing him of self-interest
- President von der Leyen's address at the Fourth Renewable Hydrogen Summit, delivered remotely
