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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
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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NEW YORK, Jan. 15, 2025 /PRNewswire/ — J.F. Lehman & Company (“JFLCO”), a leading middle-market private investment firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, is pleased to announce several promotions and team additions.
Promotions include Karina Perelmuter to Managing Director, Megan E. Kanefsky to Director, Bridget A. Harding to Vice President and Bailee D. Glass to Associate. “Our latest promotions highlight the exceptional contributions by these individuals as well as our established track record cultivating career progression,” said Louis N. Mintz, Partner. “Their dedication and impact across our own organization and our portfolio companies illustrates our commitment to excellence and fostering sustained success.”
The firm also recently welcomed several new investment professionals including Sandra Wong, Jack R. Chandler, Yosef W. Medhin, Jack R. Smith and Emily O. Strambi. JFLCO’s functional capabilities were augmented with the addition of Isabel R. Grabel and Jessica S. Godt in Investor Relations, Miguel Zhindon in Technology and Grace Xu in Finance & Accounting.
“We continue to attract outstanding new talent following the successful closing of our latest buyout fund,” said Glenn M. Shor, Partner. “These new team members further enhance the firm’s capacity and capabilities.”
Recent Promotions
Karina Perelmuter, Managing Director, Marketing & Investor Relations. Prior to joining the firm in 2019, Ms. Perelmuter served as a Vice President in Lazard’s Private Capital Advisory practice, a member of the Investor Relations team at Tiger Global and a Fund Accountant at Mount Kellett. She began her career in Assurance at Ernst & Young. Ms. Perelmuter graduated magna cum laude from American University, where she earned a B.S. in finance and accounting.
Megan E. Kanefsky, Director, Human Capital. Prior to joining the firm in 2021, Ms. Kanefsky spent 15 years in the Human Resources Group at Blackstone, where she focused on recruiting, benefits administration, performance evaluation and organizational development. Ms. Kanefsky earned a B.A. in psychology from the University of Maryland and an M.A. in industrial and organizational psychology from Baruch College.
Bridget A. Harding, Vice President. Prior to joining the firm in 2020, Ms. Harding began her career as an Investment Banking Analyst in Goldman Sachs’ Global Industrials Group. Ms. Harding graduated summa cum laude from Lehigh University, where she earned a B.S. in accounting and finance.
Bailee D. Glass, Associate. Prior to joining the firm in 2022, Ms. Glass began her career as an Alternative Investments Research Analyst in BlackRock’s hedge fund solutions group. Ms. Glass graduated from the University of Chicago, where she earned a B.A. in economics.
Investment Team Additions
Sandra Wong, Vice President, Credit. Prior to joining the firm, Ms. Wong served as Vice President on the U.S. Investment Team at Strategic Value Partners, where she focused on distressed and special situations opportunities. She began her career as an Investment Banking Analyst at Credit Suisse, where she later transitioned to the Private Equity Group. Ms. Wong earned a B.A. in business economics as well as a minor in accounting from UCLA and an M.B.A from the Wharton School at the University of Pennsylvania.
Jack R. Chandler, Associate. Prior to joining the firm, Mr. Chandler began his career as an Investment Banking Analyst at Grace Matthews. He graduated magna cum laude from the University of Notre Dame, where he earned a B.B.A. in finance and applied computational mathematics and statistics.
Yosef W. Medhin, Associate. Prior to joining the firm, Mr. Medhin was an Investment Banking Analyst in Citi’s Industrials Group and began his career as an Investment Banking Analyst at Deutsche Bank. He graduated from Washington and Lee University, where he earned a B.S. in business administration.
Jack R. Smith, Associate. Prior to joining the firm, Mr. Smith began his career at Morgan Stanley in the Private Equity Solutions group. He graduated summa cum laude from Drexel University, where he earned a B.S. in finance.
Emily O. Strambi, Analyst. Prior to joining the firm, Ms. Strambi began her career as an Equity Trading Analyst at the Royal Bank of Canada, where she covered the healthcare and consumer sectors. She graduated magna cum laude from the Wharton School at the University of Pennsylvania, where she earned a B.S. in economics with concentrations in finance and business analytics as well as a minor in legal studies and history.
Other Team Additions
Isabel R. Grabel, Marketing & Investor Relations. Prior to joining the firm as a Senior Associate, Ms. Grabel was a Senior Associate at Harvest Partners, where she focused on private equity investments in industrials, healthcare, business services and consumer products. She began her career as an Investment Banking Analyst at Jefferies. Ms. Grabel graduated from the Ross School of Business at the University of Michigan, where she earned a B.B.A. with a concentration in finance and financial management services.
Jessica S. Godt, Marketing & Investor Relations. Ms. Godt joined JFLCO in 2024 to support and consult on the firm’s marketing and fundraising efforts across private equity and credit strategies. Previously, Ms. Godt served as Vice President of Investor Relations at Warwick Investment Group and began her career in Lazard’s Private Capital Advisory practice. She earned a B.S. in commerce with concentrations in finance and management and a minor in business analytics from the University of Virginia.
Miguel Zhindon, Enterprise Technology. Prior to joining the firm as a Vice President, Mr. Zhindon served as a Senior Technology Consultant at iCorps Technologies, tailoring IT strategies, training and technical support for JFLCO and other clients. Previously, Mr. Zhindon held various roles in network administration and telecommunications. He began his career in the United States Marine Corps and graduated from Pace University, where he earned an M.S. in information systems and assurance.
Grace Xu, Finance & Accounting. Prior to joining the firm as an Assistant Controller, Ms. Xu served as a Business Unit Controller at Millennium Management. Previously, Ms. Xu worked as a Manager at PricewaterhouseCoopers in the financial services group. Ms. Xu earned a B.S. in accounting from Pennsylvania State University. Ms. Xu is a Certified Public Accountant.
About J.F. Lehman & Company, Inc.
Founded in 1992, J.F. Lehman & Company focuses exclusively on investing in the aerospace, defense, maritime, government and environmental industries. The firm has offices in New York and Washington, D.C.
http://www.jflpartners.com
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FORNEBU, Norway, Jan. 15, 2025 /PRNewswire/ — Reference is made to the announcement by Aker Horizons ASA (“Aker Horizons” or the “Company”) on 9 January 2025 regarding fixed income investor meetings and a potential new bond issue. The Company has met a broad range of investors and experienced strong interest from the market.
The Company has received valuable feedback, which it will evaluate as part of the ongoing process to optimize the Company’s overall capital structure. Accordingly, the Company will not pursue a potential bond offering at this time.
Aker Horizons has a robust liquidity position and benefits from strong support from its main shareholder and creditor Aker ASA. The Company is committed to its strategy of developing green energy and green industry.
For further information, please contact:
Stian Andreassen, Investor Relations, Tel: +47 41 64 31 07
[email protected]
Mats Ektvedt, Media, Tel: +47 41 42 33 28
[email protected]
About Aker Horizons:
Aker Horizons develops green energy and green industry to accelerate the transition to Net Zero. The company is active in renewable energy, carbon capture and sustainable industrial assets. As part of the Aker group, Aker Horizons applies industrial, technological and capital markets expertise with a planet-positive purpose to drive decarbonization globally. Aker Horizons is listed on the Oslo Stock Exchange and headquartered in Fornebu, Norway. Across its portfolio, the company is present on five continents. www.akerhorizons.com
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
IMPORTANT INFORMATION
This communication is not an offer to sell or purchase, or the solicitation of an offer to sell or purchase, any securities, or the solicitation of a proxy, in any jurisdiction in which, or to any person to whom, such offer, sale or solicitation is not authorized or would be unlawful.
This communication contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and other statements, which are not statements of historical facts. Forward-looking statements are generally identified by the words “expects”, “anticipates”, “believes”, “intends”, “estimates”, “plans”, “will be” and similar expressions. You are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Company, and that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward -looking information and statements contained herein. The forward-looking statements in this communication speak only as of the date hereof and, other than as may be required by applicable law, the Company does not undertake any obligation to update or revise any forward-looking information or statements.
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/aker-horizons/r/fixed-income-investor-meetings—update,c4091958
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LONDON and NEW YORK, Jan. 15, 2025 /PRNewswire/ — In March 2020, several of the largest institutional holders of sovereign bonds issued by Lebanon formed a group (the “Ad Hoc Group”) in response to the deteriorating financial and economic situation in the country and the government’s decision to default on its international bonds. The Ad Hoc Group’s stated objective from the outset has been to find a sustainable and equitable solution to Lebanon’s severe debt challenges. The Ad Hoc Group is supported by White & Case LLP as legal advisor.
The intervening years have witnessed a further decline of Lebanon’s political, economic and security situation, which has prevented any meaningful engagement with the Lebanese authorities. Despite the lack of progress to date, the Ad Hoc Group continues to provide a forum for coordination and communication among international bondholders, and remains prepared to engage constructively with the Lebanese authorities and other domestic and international stakeholders.
In this regard, the Ad Hoc Group is encouraged by the recent election of Joseph Aoun as President of Lebanon and nomination of Nawaf Salam as prime minister, and looks forward to the formation of a new government that will have the mandate to address the many challenges facing the country.
The Ad Hoc Group also takes note of last week’s statement of the Council of Ministers of Lebanon relating to the proposed suspension of Eurobond prescription periods until 9 March 2028, and confirms its willingness to discuss the implementation of the proposed suspension with the authorities and, at the appropriate time, to engage more broadly to find a resolution to the longstanding debt default.
Holders of Lebanon’s international bonds who wish to learn more about the Ad Hoc Group and its objectives, or discuss recent developments, may contact White & Case LLP by emailing [email protected].
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