Asset managers are developing new methods to help millennials overcome significant mistrust of the markets.
After experiencing two major bear markets — the tech bubble in 2000 and the global financial crisis in ’08 — younger investors have little reason to trust the markets, said Kostya Etus, a portfolio manager at CLS Investments. As a result, they are demanding products that are easy to understand and offer transparency, he said.
https://www.financial-planning.com/news/millennials-need-new-approach-from-asset-managers-to-overcome-market-mistrust