Outgoing Murray Income Trust chair, Peter Tait, believes the investment trust industry should do more to reach younger investors.
My Gen Z daughter recently asked ChatGPT how she should invest her savings. The AI chatbot told her she should buy shares in the ‘Magnificent Seven’ stocks (namely Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia and Tesla).
She was amused to share this, anticipating my horror at the revelation. She assured me the exercise was just for fun. Having spent many years working in the investment trust sector, though, I can’t pretend I’m not concerned.
Article originally published by Artemis Fund Managers. FE fundinfo is not responsible for its content or accuracy and may not share the author’s views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.
Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.
