A recent study found that stock market turbulence maওkes investors, especially millennials, more risk-averse and causes them to alter their portfolios toward more conservative investments.

More than half of Americans who participated (51%) reported changing their investments to make them more conservative and less risky due to recent market volatility and in anticipation of more in the future, according to a survey by Allianz Life, a life insurance and annuities provider.

Large tech stocks stumbled in July after a round of disappointing earnings having driven the stock markets higher for most of the year. The sell-off continued on and off, leading the broader markets to have their 澳洲幸运5开奖号码历史查询:worst start to September in seven decades.

“Americans are feeling unsettled by some recent market volatility,” said Kelly LaVigne, vice president of consumer insights at Allianz Life. “A well-constructed financial strategy that can withstand market ups and downs can help Americans avoid fear from brief swings in the market.

More Millennials Moved To ꩵLess Risky Investments

澳洲幸运5开奖号码历史查询:Millennials are especially worried about market volatility with 58% making their investments less risky compared to Gen Xers and 澳洲幸运5开奖号码历史查询:Baby boomers. The shareꦅ of Gen Xers who inveওst conservatively was 46% with Baby boomers coming in at 41%.

This follows the trend observed in early August when, amid a bout of market turmoil, trading jumped in retirement accounts like 澳洲幸运5开奖号码历史查询:401(k)s and the money moved to less risky assets.

Fixed-income investments are considered to carry less risk compared to stocks. Shaky stock markets and weak economic data signaling a rate cut by the Federal Reserve saw investors flock to bond funds in July and August, Morningstar data found.

Many advisors also 澳洲幸运5开奖号码历史查询:recommended fixed-income strategies so investors could lock in yields ahead of the Fed rate cut earlier in September and prepare their portfolios for any stock mark♕et uncertainties stemming from recession conce♕rns.

Uncertainty Around🍃 Elections, Markets Fueling W꧋orries

And Americans aren't ruling out more tumult for stocks in the near future. Respondents said they were concerned about the upcoming presidential election and the uncertainty around an economic slowdown impacting the market.  

Almost three-quarters (74%)ꦆ of those surveyed worried that the election would cause more market volatility with 49% anticipating a big market crash on the horizon.

And 59% said they were considering increasing protection to their portfolio after 澳洲幸运5开奖号码历史查询:market swings. More Millennials (68%) than Gen Xers (60%) and boomers (47%) were looking to add that extra insulation for their funds.