Young Spanish investors are betting more heavily on foreign markets and on exchange-traded funds (ETFs), although Spain continues to be the market with the lowest allocation of this type of product among the main European countries, according to a study prepared by the broker Degiro.
According to the report, presented this Thursday at a meeting with the media, ETFs represent 26% of the total assets under custody in Spain, a proportion clearly lower than that of other surrounding markets, such as Italy, where they reach around 61%, Austria, with 59%, Netherlands, with 44%, and France, where they stand at 31%.
The Degiro study also reflects that more experienced investors tend to opt for national companies and individual stocks, a pattern that contrasts with the behavior of younger profiles, who are more oriented towards diversification and international exposure.
Under 30s, more exposed to ETFs
Among investors under 30 years old, the proportion of ETFs amounts to 40%, while the weight of individual stocks increases steadily with age, according to the report. The general director of Degiro in Spain, Manuel Blanco, explained that younger profiles usually focus on long-term and diversified wealth accumulation, while older investors are more inclined to choose specific companies.
Along the same lines, Manuel Blanco pointed out that this age group shows more interest in the technology sector, while international stocks such as Nvidia, Alphabet, Microsoft, and Amazon are among the most popular across all age groups, while the preference for national companies increases with the age of investors.
Different habits between men and women
The report also detects gender differences. According to the study, women opt for a more diversified investment approach, while men are more inclined towards active stock selection.
La Rioja, with the highest average portfolios
The regional comparison places La Rioja as the community with the highest average portfolios in Spain, with an approximate value of 36,770 euros, a figure that comfortably exceeds the national average, set at 28,980 euros, according to data provided by the broker.
No market exits after the election announcement
Asked about the impact of political uncertainty after the announcement of the general elections, scheduled for November 29, Manuel Blanco explained that among Spanish investors "there have been no market exits." As he detailed, clients have preferred to "remain invested" and readjust their positions, while the percentage of cash in portfolios is at one of the lowest levels of the year.
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