New Expectations for the Asset Management Industry: The Age of Millennials and Gen Z 

Millennials, those born between 1981 and 1996, and Generation Z (Gen Z), those born between 1997 and 2012, are reshaping the asset management industry. These younger generations have different attitudes towards investing than previous generations, and this is driving changes in the products and services offered by asset management companies.

Generational Edge

According to the World Economic Forum, there were 1.8 billion millennials in the world as at November 2021, accounting for 23% of the total population. This generation was the largest adult cohort globally, as well as the most educated and increasingly influential. Meanwhile, globally, there were more than 2 billion people in the Gen Z age group as at March 2021. These individuals m...