Rob Wilson featured in Yahoo Finance discussing how young Australians are building wealth with ETFs

In the article, written by Yahoo Finance Australia's Head of Finance Nick Whigham, Rob discussed why ETFs have become the entry point of choice for a generation building wealth differently to their parents.

Featured in Yahoo Finance Australia

The Yahoo Finance article examined how young Australians' share ownership is being measured and debated, and highlighted new data from Selfwealth showing millennial investors now allocate almost five times more of their portfolios to ETFs than the average Australian investor. National ETF allocation by value has reached a record 15 per cent on the Selfwealth platform, with younger investors adopting the asset class at far higher rates than the market overall.

The piece noted that many younger investors are drawn to internationally focused ETFs — funds tracking markets like the S&P 500 and Nasdaq — often as a complement to the Australian exposure they already hold through superannuation.

Key commentary

"Previous generations built wealth through a single, illiquid, debt-funded asset – property. What's now emerging instead is more incremental and liquid: smaller amounts, invested more frequently, into instantly diversified holdings that don't require a 20 per cent deposit or mortgage approval to get started," said Rob Wilson, Director of Investment Strategy at Selfwealth by Syfe.

"It's not that young Australians have given up on building wealth through assets, it's that they've found a vehicle that matches how they actually save. ETFs are giving this generation a starting point."

Read the full article at Yahoo Finance