Investment products are "overly complex," and investors are feeling "overwhelmed" by the slew investment choices available to them, according to the MFS Investing Sentiment Survey.

Specifically, the survey also revealed that 51% of Gen Y investors agree that investment products are overly complex, more than the 40% average for the survey and older age groups (Gen X, 39%; Boomers, 40%). And 35% of investors agree that information they find on the Internet is just as good as what they would get from a financial advisor, with younger generations agreeing more: Gen Y at 57%; Gen X at 47%.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.