A survey by Swissquote Bank Europe shows Luxembourg investors remain cautious about using artificial intelligence (AI) in managing investments.
Only 3% are comfortable with AI autonomously managing portfolios, while 43% would consider AI-generated advice if they retain decision-making control. 25% prefer to wait for tighter regulations, and 24% reject AI advice entirely.
“AI promises to make it easier for investors to process vast amounts of information,” said Jeremy Lauret, Head of Direct Investing at Swissquote Bank Europe. He emphasized that while AI enhances efficiency and levels the playing field for individual investors, human trust and personalized attention remain irreplaceable.
“Investors will continue to value human trust and personalized attention that technology cannot easily replace.”
Jeremy Lauret, Head of Direct Investing at Swissquote Bank Europe
Generational differences emerged, with baby boomers most skeptical and younger investors, particularly Gen X and millennials, more open to AI integration. Surprisingly, Gen Z investors showed notable caution, with many waiting for proper regulatory guardrails.
While reluctant to fully adopt AI, 60% of investors are keen on AI-related tech stocks, a leading 2024 investment theme alongside cryptocurrencies, popular with 47% of Gen Z investors. However, only 8% consider ESG criteria in their portfolios, despite Luxembourg’s sustainable finance leadership.
The survey also highlighted a gap in financial planning, with 60% lacking a documented plan, even among high earners. Swissquote’s Jeremy Lauret emphasized the importance of human trust and personalized attention alongside AI’s growing role in investment strategies.
The survey underscores that while Luxembourg investors see value in AI tools, they remain cautious about relinquishing control. As Lauret noted, “Investors will continue to value human trust and personalized attention that technology cannot easily replace.”
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