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Making Sense

Market Matters | Data Assets & Alpha Group: An Emerging European Retail Investor

Aug 29, 2023
Eloise Goulder, Head of the Data Assets & Alpha Group, discusses European turnover and liquidity, retail activity in European markets, advantages of retail investors, and the influence of retail investors on market momentum in Europe. Lear about the need for research on European retail investors and the value of JP Morgan's data set.
31:52

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Podcast summary created with Snipd AI

Quick takeaways

  • European turnover has declined and may continue to decline due to underperformance and structural factors.
  • Retail market share in Europe varies across countries, with Italy and Germany having higher levels of retail participation and retail investors showing interest in familiar and cyclical stocks.

Deep dives

Decline in European liquidity and turnover ratios

European turnover ratio has declined on a multi-year view, possibly due to underperformance and structural factors. The numbers in the first half of 2023 have fallen back to 2021 levels and may continue to decline.

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