Retail investors are becoming increasingly confident at handling their investments on their own without professional help, according to new research from GraniteShares ETPs.
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Will Rhind, Founder and CEO at GraniteShares
- More than four out of five manage some or all of their investments by themselves, GraniteShares research shows
- One in five check investments at least once a day and one in seven trade at least several times a week
Its nationwide study with retail investors found 83% do some or all of the management of their portfolios on their own. Around 62% exclusively self-manage, while 22% rely on financial advisers or wealth managers to look after some of their investments.
A substantial proportion of self-managed investors are very active managers. Around one in five (20%) say they check their investments at least once a day with around 9% admitting to checking their portfolio several times a day. Around one in seven (14%) say they trade shares and funds several times a week.
The average amount traded a month on stocks and shares is around £600, the study found, with more than half (55%) saying they buy or sell each month. Around 11% say they trade £1,000 or more a month.
Not all retail investors are going it alone – around 17% say they rely on a financial adviser or wealth manager to look after their entire portfolio while another 14% say professionals manage 60% or more of their holdings. Around a third (33%) say they only trade a few times a year.
The study found retail investors are using a wider range of investment products – around 9% hold ETFs, around 17% hold cryptocurrencies and 5% hold venture investments in start-ups.
Will Rhind, Founder and CEO of GraniteShares:
“Retail investors are becoming more knowledgeable and confident in managing their own portfolios, building on the skills learnt in the trading surge during the COVID-19 pandemic. More investors are looking at a wider range of products beyond traditional unit trusts, including single stocks, ETFs and ETPs.”
Source: ETFWorld.co.uk
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