COVID-19 fuelling direct investment boom

Fifty-five per cent of all Australian investors remain bullish, having made new investments or are considering investing in the near future, while 31 per cent have actively invested as a direct consequence of COVID-19 as they attempt to capitalise on market volatility.

But Australian Millennials, faced with a prolonged low rate environment and recession, are leading the charge.

“The high level of engagement and consideration among Australian Millennials during volatile market conditions shows a maturing and opportunistic investment mindset to capitalise on market dips,” said Calastone managing director Ross Fox.

“This proactive attitude to investing concurs with the local fund flows we’ve seen across the Calastone network, which in July processed record daily volumes into funds.”

Australian Millennials are very proactive, with a whopping 81 per cent having invested since COVID or considering doing so soon. They were also almost twice as active as Australian Gen X investors, with 58 per cent actively investing as a consequence of COVID compared with 28 per cent of the older generation. 

“Millennials are now the most active demographic in every global market, with around 72 per cent investing or considering investing due to the conditions created by the pandemic,” Calastone said.

Australian Baby Boomers (aged 66-70) are the most bearish of all groups, with 100 per cent refraining from making any new investments.