Young investors in the UAE are turning to traditional safe-haven assets to shield their investments from growing global economic uncertainty and are using financial apps to do so.
Twenty-somethings are shifting more of their investments to gold, which on Monday recorded its strongest weekly performance since the 2008 global financial crisis. It has since dipped.
While a number of Gen Z investors in the UAE are already active in financial markets, they are entering at a younger age than their predecessors. According to a World Economic Forum survey, 30 per cent of Gen Z around the world began investing while at university or in early adulthood, compared with 9 per cent of Generation X and 6 per cent of baby boomers.
In the UAE, that shift has been shown in behaviour, as well as access. The same survey found that 73 per cent of investors in the country review and adjust their portfolios at least once a month, compared with the global average of 52 per cent.
Their participation raises a broader question: are they more financially savvy than previous generations, or are they simply benefitting from easier access to investing?
For many younger investors, the shift is less about tim
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