Market volatility is a major concern for advisors and their boomer clients, according to a survey released April 11 by MetLife. Most boomers expressed a lack of confidence in their investments, and wanted to learn about portfolio management strategies that could offer "more consistent returns."
Boomers are evenly split between wanting to protect against losses and participate in market gains, the survey found.
“With the market recovery, Boomers are starting to become more confident about investing in equities, but volatility continues to be top of mind and a significant concern. Our survey shows there is rising interest in exploring newer investment approaches that offer the potential to provide steadier, more consistent returns over the long term,” said Robert Sollmann, executive vice president of retirement products, said in a statement.
“In the past, these forward-looking approaches were mainly available only to large institutional investors such as endowments, but leading professional money managers are now offering more alternative products to all investors,” he added.