Older Investors Embracing Growth and Technology Investments
In the realm of investment, conventional wisdom often dictates that individuals over the age of 65 should steer clear of riskier assets and opt for more conservative options to safeguard their savings. However, recent data from investment platform Hargreaves Lansdown has revealed a notable shift in this trend. Older investors are increasingly allocating more of their savings towards growth and technology investments, challenging the traditional notions of risk aversion in retirement planning.
Funds such as Fundsmith Equity, Lindsell Train Global Equity, and Rathbone Global Opportunities have emerged as popular choices among investors aged 65 and above. These active growth-focused funds have secured positions in the top 10 funds for individual investment accounts in the tax year 2023-2024, with Fundsmith Equity claiming the first spot, followed by Lindsell Train Global Equity in second place, and Rathbone Global Opportunities in seventh place.
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