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Speaker 1: Don't know about you, but when I think of people

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Speaker 1: who are making market decisions, who are buying and selling

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Speaker 1: shares on the jay Z, who do you think of?

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Speaker 1: I tend to think of people who are kind of

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Speaker 1: my age or just a little bit older. I was

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Speaker 1: thinking of our regular market commentators. Some are a little younger.

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Speaker 1: Marco is here is a little younger than me. I suspect,

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Speaker 1: but probably most of them are kind of my generation

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Speaker 1: or maybe a little bit older. Some of them may

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Speaker 1: be about ten years younger than me. But it turns

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Speaker 1: out but actually the investor profile is changing in a

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Speaker 1: much younger group called gen Z are getting more involved

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Speaker 1: in investing at a younger age. Navidna Maharaj is the

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Speaker 1: head of Global Markets Retail Investments at Standard Bank. Navidna,

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Speaker 1: good evening, Thanks for your time. So the difference between

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Speaker 1: the gen Z generation and other generations is there a

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Speaker 1: big difference? How much more interested in investing is gen Z?

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Speaker 2: Hi Stephen. So the gen Z the changes that we've

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Speaker 2: seen from a generation perspective is mainly due to the

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Speaker 2: rise in mobile technology. So the accessibility to the market

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Speaker 2: now is much more important accessible and then also from

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Speaker 2: a cost of transaction that's really reduced, which has reduced

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Speaker 2: the barriers for entry and all for the information age.

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Speaker 2: I think this generation has much more access to content

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Speaker 2: and information through social media, which has played a big

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Speaker 2: role in terms of this generation to be much more

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Speaker 2: curious about stock investing, where previously traditionally fifteen years ago

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Speaker 2: you would need to spend time to listen to the

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Speaker 2: news and specific time understand what the market is doing,

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Speaker 2: call your stockbroker via the telephone to make an investment.

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Speaker 1: I mean that technological change from having a stock broke,

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Speaker 1: it's now just doing it on your phone. That's probably

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Speaker 1: one of the things that's ready driven this this it

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Speaker 1: seems renewed interest in investing, no.

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Speaker 2: One hundred percent, if you see what the rise of

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Speaker 2: certain it's. I mean, using the technology now is as

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Speaker 2: easy as doing growthrees basically and buying and selling shares.

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Speaker 2: So that accessibility through your main banking app and standalone

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Speaker 2: app has significantly made it accessible for a wide spectrum

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Speaker 2: of the generation most of us.

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Speaker 1: Well, let me speak for myself, my generation. I think

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Speaker 1: you know, the main reason I would invest is to

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Speaker 1: make money. I'm not particularly interested in what the company does.

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Speaker 1: I am from the intellectual point of view of will

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Speaker 1: there be a return on this? And I suppose there

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Speaker 1: might be a sort of moral dimension. But my main reason,

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Speaker 1: if I'm honest with myself, is I'm in sting and

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Speaker 1: share ABC because I wanted to make lots and lots

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Speaker 1: of money for me. I mean, maybe for other people,

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Speaker 1: but ready for me, isn't there? Is it different for

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Speaker 1: this generation? I mean there seems to be more of

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Speaker 1: a I don't know how you would describe it, but

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Speaker 1: kind of I want to be a part of something.

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Speaker 1: I use.

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Speaker 2: Maybe one there's elements of trend, so I want to

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Speaker 2: be part of the trend and what's trending out there.

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Speaker 2: So that's also from a behavior perspective that we sometimes

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Speaker 2: see how they make the relevant investment decisions. So if

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Speaker 2: any influencer, et cetera is doing this, then they want

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Speaker 2: to be part of it. The other element is some

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Speaker 2: of them actually yet the behavior decisions are linked to

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Speaker 2: a specific like a brand type that you're familiar with,

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Speaker 2: and then they want to participate in that. And then

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Speaker 2: sometimes it's short term thinking, so some of them are

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Speaker 2: more three to five year investment holders, where I think

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Speaker 2: generational wealth goes over more than five years. From an

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Speaker 2: investment perspective. So some of that elements from a perception

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Speaker 2: perspective is probably trend that kind of drives their investment behavior.

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Speaker 2: But through education, some of them get much better at

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Speaker 2: looking at long term.

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Speaker 1: Is there a kind of I'm wearing Nike, so I'm

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Speaker 1: buying Nike kind of thing. You know, I'm using an

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Speaker 1: iPhone there for all that kind of thing.

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Speaker 2: Yeah, So they tend to be drawn into the tech

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Speaker 2: stocks or a specific brand, but they're learning to understand

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Speaker 2: the market a bit more and looking for diversification, which

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Speaker 2: kind of instruments like exchange traded funds play have played

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Speaker 2: a role in it. Where it's low risk, it's diversified,

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Speaker 2: have an investment manager that actually manages all of that index.

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Speaker 2: So you are seeing a mix in their portfolio.

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Speaker 1: Yeah, and I suppose. I mean, look, as they get older,

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Speaker 1: it's going to be fascinating to see if this generation

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Speaker 1: just invests as other previous generations did, or if there

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Speaker 1: are changes I would imagine, I mean when you're young, Well,

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Speaker 1: when I was young, you thought everything was going to change,

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Speaker 1: it was going to be wonderful, and so you might

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Speaker 1: invest with a sense of optimism. I think I mean,

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Speaker 1: I grew up in a time when it seemed the

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Speaker 1: world was very much getting better. I think, you know,

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Speaker 1: it was sort of the nineties. I don't think it

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Speaker 1: feels like that for the generation growing up now. I

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Speaker 1: think it might actually feel quite scary. But I mean,

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Speaker 1: do you get a sense then that people are looking

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Speaker 1: for shares that will do well in the future and

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Speaker 1: that would immediately take you to AI stocks and things

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Speaker 1: like that, rather than shares that I suppose you might

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Speaker 1: think is a share of the past, say retail or

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Speaker 1: something like that.

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Speaker 2: So they they are looking at the growth stocks. And

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Speaker 2: obviously they come from a generation where it's technology kind

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Speaker 2: of drive driven, so they're very familiar with certain concepts

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Speaker 2: already where there's artificial intelligence or Niveria and chip making

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Speaker 2: or you know, some of the AI other text stocks

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Speaker 2: for Microsoft, et cetera. So they are familiar with the

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Speaker 2: concepts where the other generations in terms of understand where

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Speaker 2: AI is probably going to be in the future, it's certain,

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Speaker 2: it's certainly a bit more unknown. So that kind of

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Speaker 2: drives them because they're more familiar in terms of certain

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Speaker 2: off the growth driven sectors, specifically UH technology and other

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Speaker 2: kind of brands they understand that that possibly is an

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Speaker 2: opportunity for their portfolio to grow.

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Speaker 1: In It's fascinating. Navidna Maharas, thank you, Head of Global

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Speaker 1: Markets Retail Investments at Standard Bank,