Green energy dominated millennial investing in 2019

Millennials/

6 January 2020
| By Oksana Patron |
image
image
expand image

Millennials investments in 2019 were dominated by the green energy companies, according to the data from Freetrade.

Freetrade’s study that covered 80,000 investors in the UK found that it was a remarkable trend among young clients to have invested in green investing. Of the top 10 most popular stocks and exchange traded funds (ETFs) on the Freetrade app, four operated in the green energy industry.

"Our overwhelmingly millennial customer base has invested heavily in ESG [environmental, social, and governance] stocks, with over ​20%​ holding green energy stocks today. That's a big jump from the ​4.6%​ we saw earlier this year,” Adam Dodds, chief executive and founder at Freetrade, said.

 "We see this as a win-win situation. Investment in green energy is positive for the environment and for investors that stand to make substantial gains from this nascent industry.

"The growing push for action over climate change isn't just confined to the political arena.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 1 week ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks 1 day ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

2 weeks ago

One licensee has lost 27 advisers in the past week, now sitting at zero, according to the latest Wealth Data figures....

3 weeks 1 day ago

TOP PERFORMING FUNDS