A recent UK survey reveals that 73% of investors believe AI chatbot ChatGPT could provide reliable financial advice in the future, with 42% of younger investors already seeking guidance from the platform.
‘The Investor Index’, conducted by AML Group and The Nursery, surveyed 1100 UK adults with a minimum investment of £10,000, offering insights into investor behaviour.
The study shows 46% of investors consider robo-advisors the future of investing, with 34% preferring them over traditional advisors.
The cost of living crisis has impacted investment decisions, with 59% of younger investors unable to buy property due to rising living costs. Interest in property investment among younger investors dropped from 38% in 2022 to 24% this year.
Ethical investing has also declined, as only 38% of UK investors consider ESG investments important, down 6% from last year.
Investments supporting vegan-friendly causes decreased by 16%, and LGBTQ+-focused investments dropped by 4%. Investors aged 65 and above were least concerned with ethical investments, with only 24% prioritising them.
The survey reveals a growing trend towards self-reliance, as 54% of investors rely on their own research, an increase of 11% from last year. Additionally, 29% of investors believe they can obtain all necessary information online.
The study also highlights a sustained interest in cryptocurrency, with 18% of investors engaged with the asset class.
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