The Retail Investing (re)Evolution
3Q21 Global Retail Investing Insights
Key findings from the report include:
- Increased mobility brings decreased trading throughout the markets: A 35% increase in active mobility coincided with lower participation in the financial markets overall as people around the globe began moving again with the rise in COVID-19 vaccination rates. While the number of trades placed on the DriveWealth platform rose 34% year-over-year, trading volumes were down in 3Q21, in line with larger market trends. Average trade size, however, increased to $260, up 4% from 2Q21.
- Shifting demographics among active investors: Data revealed a 14% increase in approved accounts, fueled by investors aged 20-49. While the largest absolute number of new accounts opened was by investors aged 20-29, investors ages 30-59 traded more frequently than both younger and older investors, revealing a barbell effect in engagement among investors. Investors aged 50-59 on average placed trades that were 18% higher in 3Q21 than 2Q21, finally surpassing the average trade size of investors 60+ for the first time.
- Big Tech stocks take the lead: DriveWealth’s quarterly Retail Trends Reports continue to show that retail investors around the globe focus on investing in the brands that they know. In 3Q21, we observed a rotation back towards the biggest tech names across every region, while cryptocurrency exchange Coinbase (COIN) fell off all Top 10 lists.
To get our full insights and exclusive data points, download the report now.