Three-quarters of Superhero customers aged 18 to 34 prefer their retirement savings to be deployed to exchange-traded funds, as low-cost passive investment managers win the battle for Millennial hearts and minds.
Online trading platform Superhero has surveyed 4000 members of its retail superannuation fund business and found Australian Securities Exchange-listed ETFs were the most popular destination for their super money.
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Aleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation. Email Aleks at aleks.vickovich@afr.com
