Approximately 70 per cent of Millennial investors are interested in alternative mutual funds, and wish they knew more about the benefits of alternative investing, according to a recent survey by AMG Funds (AMG).
The survey polled approximately 1,000 affluent individual investors with over USD250,000 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 behaviours around investing.
The survey also found that while Millennials are generally optimistic with regard to the US economy and global markets, their outlook is significantly impacted by market volatility. In addition, the results show that Millennials recognise the importance of active management in generating investment returns, as well as the value added by financial advisors in providing investment oversight.
