Despite general economic uncertainty, young investors in Finland have significantly increased their stock purchases, with Neste, Qt Group, and UPM-Kymmene being the top choices.
In a recent report by the financial institution OP Pohjola, it has been revealed that there has been a remarkable increase in stock purchases among young Finnish investors aged 18-24. Last year, this demographic made more than double the amount of stock purchases compared to the previous year, despite ongoing economic uncertainties. The three most net purchased stocks by this age group were Neste, Qt Group, and UPM-Kymmene, indicating a strong interest in both solid domestic companies and growth-oriented technology stocks.
The report highlights that young investors are making investment decisions similar to those of other age groups, seeking stable long-term returns while actively monitoring market trends. According to Kai Kalajainen, the director responsible for wealth management clients and sales at OP Pohjola, this indicates that young investors are well-informed and strategically navigating their investment choices. Their selections point to a preference for quality companies and an appetite for growth and technology sectors, which are crucial in the current market landscape.
Additionally, the interest in mutual funds among young people has also surged, with data showing a 17% increase in the number of 18-24-year-olds contributing to mutual funds within a year. This trend reflects a vibrant and engaged young investor base that is looking for opportunities in the financial markets, indicating positive implications for economic growth and future investment strategies in Finland.
