One in four retail investors to scale back ‘Magnificent 7’ investments this year, finds eToro’s Retail Investor Beat
In Opinium’s brand new study, in partnership with eToro, we analyse the investment strategies of retail investors in response to evolving market conditions, focusing on the prominent ‘Magnificent 7’ big tech stocks and anticipated rate cuts in 2024. Drawing on data from a survey of 10,000 retail investors across 13 countries, it reveals that 27% of investors intend to scale back their investments in these tech giants, with 11% planning to sell holdings and 16% reducing new capital allocation. As global interest rate cuts loom, 53% of investors aim to rebalance portfolios, with younger investors (71%) leading this trend compared to older counterparts (37%).
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