The disconnect between their willingness to take risks and their actual investment choices illustrated what the institute called an “aspiration-implementation gap”, said Rhodri Preece, senior head of research at the institute.
“They want to retire early. They’re willing to take risks, but yet their portfolios [show] the most commonly cited investments are more conservative investments like wealth-management products and money-market funds,” Preece said in an interview on Thursday.
The findings were based on the institute’s latest survey of 400 affluent investors in mainland China conducted in December, with its main analysis focusing on 300 Gen Z and millennial respondents.
