A leading figure in global finance has issued a caution to the newest generation of investors entering the markets. Mike Gitlin, chief executive of Capital Group, one of the world's largest active investment managers with roughly $3.3 trillion under management, says many young investors risk treating the market as a hobby rather than a long-term strategy for building wealth.
Speaking at an investment conference in Singapore on Wednesday, Gitlin said Gen Z should look beyond short-term trends and focus on disciplined investing over decades. His remarks come at a time when younger investors are becoming increasingly active in financial markets, often through mobile trading platforms and social media-driven investment ideas.
