Cache releases its 2nd annual Micro-Investing Report for 2022
Cache has produced its 2nd Annual Micro-investing Report, detailing key industry insights, distinct product features and functions and new entrants in the market.
Caleb Gibbins, Founder and CEO of Cache, said, “The Australian micro-investing sector overcome volatile economic conditions to post the strongest year of accountholder growth on record.
“Micro-investing has an important role in democratising access to investments and is changing the way Australians manage money for the better.
“Micro-investing products bring down the barriers to invest and help many more people start practicing healthy investing behaviours for the first time – behaviours that may compound to benefit them throughout the course of their lives.”
- Micro-investing account numbers grew by 840,000 to 2.05M at June 2022
2. There has been a 75% increase in the number of market participants. There have been 6 new micro-investing products launched in FY22, increasing the total in this year’s report to 14.
3. Despite market volatility 95% of transaction volume within micro-investing products were inflows with only 5% outflows