Investors more confident about financial knowledge than financial future, study finds

The firm's 2016 Global Investor Study identified that more than two-thirds (68%) of the so-called ‘millennial' generation - those aged 18 to 35 - reckon they have a greater understanding of investments than the average investor. In contrast, the survey - which canvassed the views of 20,000 investors around the world, including 1,000 in the UK - found fewer than half of investors aged 35 or above think they have a greater than average understanding of investments. Despite their confidence, however, almost all (92%) of the millennials surveyed said they would like to improve their under...