The FTSE market crash of March was followed by a rapid return as retail investors piled into equities for what they perceived to be golden buying opportunities. Clearly, given where we are today, this proved to be the right decision, although one does wonder what happens if, once COVID's worst is done, the hoped for (and priced in) return of the economy does not materialise.....In any event, there are various beneficiaries of this equities resurgence in the investment industry, not least investment platforms who, after a pause for breath, continue to be magnets for retail investor and Advisor money.
DIY investment platforms and robo advisers saw account numbers soar to an all-time high during Q1, amid growing investor appetite and despite the coronavirus stockmarket crash, according to analysis from Boring Money. Assets held by the UK's DIY and robo platforms fell 13.4% in Q1, the research firm said, but that was largely attributed to the sharp falls in global stockmarkets rather than a loss of appetite from investors. In fact, customer numbers on average rose 3.1% across all providers.