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What have been 2023’s leading investment trends? A comfortable pension for retirement, ESG credentials and financial independence – new survey data from CMC Invest reveals all

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Censuswide research, commissioned by CMC Invest, uncovers how people invested in 2023. Notable discoveries include two-thirds of investors continuing to invest as usual despite the rising cost of living, three-quarters of the younger generations employing ESG investing, and Stocks & Shares ISAs being the favoured vehicle among investors.

LONDON, Dec. 11, 2023 /PRNewswire/ — With 2023 approaching its end, UK Investment platform, CMC Invest, is today releasing new data – based on surveying 2,002 investors in the UK (aged 18+) with £10,000+ investable assets, who have been investing for at least two years – showing investing behaviours throughout 2023.

This new data has uncovered some interesting findings. These include:

  • Two-thirds (67%) of investors continued to invest as normal this year, despite the cost-of-living crisis.*
  • Gen Z and Millennials have been investing more this year, despite nationwide economic pressures, with 58% and 47%, respectively, noting they have done so.
  • ESG credentials still impact investment decisions, with half (53%) of investors saying they do consider ESG credentials before investing.
  • Over half of all investors (58%) noted wanting a comfortable pension to retire to as a reason to invest.
  • However, around one-fifth of Gen Z (22%) and 18% of Millennials choose financial independence as their top financial priority, compared to only 10% and 14%, respectively, prioritising retirement.
  • Tax-efficient wrappers prove to be the most popular investment vehicles, with over half (52%) investing in a Stocks & Shares ISA, and 49% investing in a Cash ISA.

David Dyke, Head of CMC Invest, comments, “It’s been quite the year for investment markets. While investor goals are personal, it’s always interesting to take a step back and analyse how the industry has responded to challenges and opportunities.

While some in the industry have doubted whether ESG investing will persist, our data shows that younger generations are keen on it and proves the need for providers to offer genuine and transparent data on organisations so investors can make informed decisions – no matter what that may be.

Perhaps most surprising was the resilience of investors despite the rising cost of living. This perhaps shows that people are able to focus on the long term despite a year of rising interest rates and inflation. Taking that longer-term view can help investors ride out the wave of market stress.

When it comes to pensions, despite the benefits of prioritising saving for retirement from an early age, the data shows younger investors are not necessarily taking this path. Whereas it comes as little surprise that people nearing, or at the age of, retirement are still looking to top up the total amount in their pension pot.

At CMC Invest we are here to support our customers throughout their entire investment journey. To see this data reaffirms our belief of how important it is for us to remain with investors for the long term.”

Key Findings:

One-third of investors invested more despite the cost of living

The cost-of-living crisis, a topic that has dominated the news and people’s lives throughout 2023, hasn’t impacted the vast majority of investors, with over two-thirds (67%) of investors surveyed continuing to invest as normal – or even more than usual.

Over one-third of investors surveyed (37%) continued to invest the same amount as they did before the cost of living crisis, while just under one-third (30%) invested more. Gen Z and Millennials were the generations most likely to invest more, despite nationwide economic pressures, with 58% and 47%, respectively, noting they had invested more.

ESG is a consideration for most investors in the younger generations, while older generations admitted to overlooking it

Despite the ESG attitudes tracker showing that ESG investing has declined among UK investors, citing growing fears of greenwashing, the research shows that younger investors are leading the way with ESG. 79% of Gen Z investors surveyed consider or look at the ESG credentials of an organisation before investing, while 71% of Millennials say they make the same consideration.

Respondents over 43 years old admitted to overlooking the need to check ESG credentials, with 59% of Generation X, 71% of Baby Boomers, and 79% of The Silent Generation responding “no” to the question of whether they considered or looked at ESG credentials before investing in an organisation.

Retirement is a top priority for investors

The research shows that over a third (38%) of Gen X, almost three in ten (28%) of those aged 59-77, and one-quarter (25%) of retired investors, still consider saving for retirement as their leading financial priority. While over half of all investors surveyed (58%) noted having a comfortable pension to retire to as a reason to invest.

Around one-fifth of Gen Z (22%) and 18% of Millennials investors surveyed chose financial independence as their leading reason for investing, compared to only 10% and 14% prioritising retirement, respectively. More Gen Z respondents prioritise keeping on top of weekly costs (12%), potentially indicating that pre-planning isn’t possible in the current state of the market, and illustrating the long-term impacts of challenging economic conditions.

Stocks & Shares ISAs are the most popular investment vehicle

Tax-efficient wrappers prove to be the most popular investments, with over half (52%) investing in a Stocks & Shares ISA, and 49% investing in a Cash ISA. Just under one quarter (24%) of investors surveyed have cryptocurrencies, which means they are now more popular than ETFs, mutual funds, and investment trusts (22%) as well as property (23%). Gen Z (36%) and Millennials respondents (33%) drive this trend, with over a third of both generations holding crypto investments.

At the time of answering, the 2,002 investors in the UK (aged 18+) surveyed by Censuswide had been investing for over two years and had £10,000 or more of investable assets.

* ‘More’ and ‘Same’ answers combined

About CMC Invest

CMC Invest brings its global experience, trusted heritage, and disruptive culture to its customers – so that they can benefit from lower costs and greater long-term value in their investments.

The CMC Group was founded in 1989 in London, UK with over three decades of financial markets experience. CMC services clients from around the world with offices in 16 countries. The company is listed on the London Stock Exchange and is the second biggest stockbroker in Australia where they have won the prestigious Canstar award for Best Online Broker for 12 years in a row.

CMC Invest does not provide investment advice and individual investors should make their own decisions or seek independent advice. The value of investments can go up as well as down and you may receive back less than your original investment.

CMC Invest is a trading name of CMC Markets Investments Ltd, which is authorised and regulated by the Financial Conduct Authority, registration number: 948126. Registered in England and Wales. Company number: 12816952.

For more information please visit – https://www.cmcinvest.com/en-gb/

Contact
For all media enquiries, please email: press@cmcinvest.com 

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Velo Is Enhancing Its Own Ecosystem Through Interoperability

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Interoperability in Velo: To Infinity and Beyond

BANGKOK, March 5, 2024 /PRNewswire/ — As new blockchains and blockchain-based platforms emerge, it’s crucial for these ecosystems to be interconnected, enabling users to seamlessly transfer their assets without complications. Velo is enhancing its own ecosystem through interoperability, aspiring to become a pivotal connection point for various blockchains.

A significant update within Universe is its support for multiple wallet addresses on a single platform, catering to users who possess multiple wallets across different platforms. This feature is essential for managing diverse assets conveniently.

Furthermore, Universe is integrating multi-chain login and registration support for networks such as Solana and Tron, thereby improving Velo’s accessibility and usability. Efforts are in place to refactor the user database and management code, ensuring a smooth and secure experience.

Velo is advancing its blockchain integration by incorporating the Solana and Tron networks, aiming to offer enhanced deposit and withdrawal functionalities to enrich its ecosystem. This initiative involves deploying Solana and Tron chain-node and full-node functionalities, thereby broadening the network’s diversity and user options. Additionally, Universe is introducing a dedicated user interface (UI) for Solana transactions, encompassing deposit-withdrawal and account management across Webplus and mobile platforms, ensuring a seamless user experience.

This streamlined approach guarantees that Velo’s users have comprehensive and intuitive access to a broader range of transaction options, significantly boosting the platform’s utility and user engagement.

The integration with the Lightning Network marks a significant advancement in improving Bitcoin transactions. By implementing Lightning chain-node and deploying a BTC full-node, Orbit aims to streamline Bitcoin deposits and withdrawals, making them faster and more cost-efficient.

Velo’s dedication to ensuring inclusivity and connectivity with other blockchains is evident through the concrete steps it has taken. With aggressive strides towards unlocking the full potential of the Velo Protocol, Velo is poised for significant growth and innovation.

About Velo Labs

Velo Labs is a global pioneer in Web3-based financial solutions, offering a cutting-edge liquidity and settlement network for secure, efficient value transfers. Backed by Stellar Network and CP Group, our reach has expanded beyond Southeast Asia and the Pacific, now serving partners worldwide. We connect and complement the gap between traditional banking infrastructure and Web3, leading the way in blockchain mass adoption. Our extensive Web3-based payment network and Lightnet, our licensed settlement partner, position us as a global heavyweight. Velo Labs offers a diverse range of Web3-based products, notably Orbit, tailored for individuals, merchants, corporations, and enterprises worldwide — dedicated to empowering global financial connectivity and expanding accessibility globally.

Follow us for more info: Twitter / Telegram / Website

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CGTN: China vows to develop new quality productive forces in modernization drive

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BEIJING, March 5, 2024 /PRNewswire/ — China saw the number of contracted technology transactions grow by 28.6 percent in 2023, an achievement that speaks volumes of the country’s enhanced capacity for innovation-driven development.

China will leverage the leading role of innovation, spur industrial innovation through advancements in science and technology, and press ahead with new industrialization, according to a government work report submitted on Tuesday to the national legislature for deliberation.

Chinese Premier Li Qiang delivered the report at the opening meeting of the second session of the 14th National People’s Congress in the Great Hall of the People in Beijing.

The report says that the country will strive to modernize the industrial system and develop new quality productive forces at a faster pace.

Developing new quality productive forces

With innovation leading the way, new quality productive forces mean going beyond the traditional models of economic growth. This path features high technology, high efficiency and high quality, and aligns with China’s new development philosophy.

In order to develop these new quality productive forces, the government work report lists a series of tasks.

It calls for improving and upgrading industrial and supply chains besides cultivating emerging and future-oriented industries, such as hydrogen power, new materials, biomanufacturing, commercial spaceflight, quantum technology and life sciences.

The report also says that innovative development of the digital economy will be promoted, an Artificial Intelligence Plus initiative will be launched, and the country will consolidate and enhance its leading position in industries such as intelligent connected new-energy vehicles.

Moreover, China has set an economic growth target of around 5 percent for 2024 and vowed to promote high-quality development. It will issue ultra-long special treasury bonds annually over the next several years for implementing major national strategies and building up security capacity in key areas, starting with 1 trillion yuan of such bonds this year, according to the report.

The report also stresses efforts for invigorating China through science and education and consolidating the foundations for high-quality development.

China will speed up efforts to build a contingent of personnel with expertise of strategic importance and cultivate more first-class scientists and innovation teams.

The country will develop platforms for identifying basic research talent, train high-performing engineers and highly-skilled workers, and enhance support for young scientists and engineers, according to the report.

Acting on people-centered development philosophy

China will make efforts to ensure and improve the people’s welling and promote better and new ways of conducting social governance, the report says.

It highlights that China will deliver real benefits to the people to their satisfaction by acting on the people-centered development philosophy.

In 2023, China’s per capita disposable income of residents increased by 6.1 percent, and over 66 million taxpayers benefited from an increase in the special additional deductions for individual income tax, which cover children nursing expenses, children’s education and elderly care expenses, according to the report.

In 2024, the country expects to create over 12 million jobs in urban areas and keep the surveyed urban unemployment rate at around 5.5 percent.

China will also enhance ecological conservation and promote green and low-carbon development, including taking comprehensive steps to improve the environment and boosting the green and low-carbon economy, according to the report.

In 2023, China’s installed renewable energy capacity surpassed its thermal power capacity for the first time in history and it accounted for over half of newly installed renewable energy capacity worldwide, according to data released by the National Energy Administration.

The country will advance the energy revolution and actively and prudently work toward peaking carbon dioxide emissions and achieving carbon neutrality, according to the report.

https://news.cgtn.com/news/2024-03-05/China-s-top-legislature-starts-annual-session-1rImSPDg5EI/p.html

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SK chemicals, Hyosung Advanced Materials, and Hankook Tire Commercialize South Korea’s First Chemically Recycled PET Tire

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  • Establishing a circular economy that extends from recycled PET to high-strength tire cords and electric vehicle-exclusive tires
  • Leading the global tire industry’s sustainable management by commercializing products with 45% eco-friendly certified materials

SEONGNAM, South Korea, March 5, 2024 /PRNewswire/ — To reduce carbon emissions, the South Korean industrial sector has developed and commercialized the country’s first tire using chemically recycled PET.

SK chemicals (CEO Ahn Jae-hyun), Hyosung Advanced Materials Co., Ltd. (CEO Cho Yong-soo), and Hankook Tire & Technology Co., Ltd. (CEO Lee Soo-il, hereafter Hankook Tire) announced on the 5th that they have successfully developed the electric vehicle-exclusive tire “iON” applying “circular recycled PET (polyester) fiber tire cords.” Circular recycling is an exclusive chemical recycling technology of SK chemicals that breaks down discarded plastics through chemical reactions into molecular units and then uses these raw materials to produce recycled plastics.

Before the commercialization phase, there were instances where chemical recycling technology was applied to concept tires or prototypes, but the release of a tire product to the market using chemically recycled PET-based tire cords through to commercialization is a first in South Korea.

SK chemicals, Hyosung Advanced Materials, and Hankook Tire have collaboratively developed this tire over a period of about two years. SK chemicals has reliably supplied the circular recycled PET “SKYPET CR”, and Hyosung Advanced Materials developed the high-strength recycled PET-based tire cords using this as a raw material. The developed tire cords were applied to Hankook Tire’s premium electric vehicle tire brand, iON. The iON tire, with a 45% sustainable material content, has recently passed the stringent reliability verification by a European automotive manufacturer, securing final approval for use and being mounted as tires for new vehicles.

Tire cords are fiber reinforcement materials that help maintain the shape of the tire and withstand the load and impact applied during driving, enhancing the tire’s durability, driving performance, and ride comfort.

SK chemicals’ “SKYPET CR” has the advantage of maintaining high-quality properties and safety even after infinite recycling, compared to the physical recycling method of washing discarded plastics or cutting them into flakes for reuse, and it can achieve properties equivalent to petrochemical-based materials.

The iON model developed by Hankook Tire incorporates 45% sustainable materials, including bio-based, circular, and bio-circular polymers, bio-based silica along with Hyosung Advanced Materials’ tire cords, and the model is the first tire to bear the ISCC PLUS certification logo.

 

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