Industry could do better by women
Today is International Women’s Day.
Research from State St Global Advisers found women now control US$11 trillion ($16.2 trillion) in investable assets, and their long-term perspective tended to result in better risk- and cost-adjusted returns.
But it found 39% of women still felt misunderstood by the investment industry and more could be done to more actively engage them.
“Gender stereotypes and fundamental service misalignments are standing in the way of the industry meeting the needs of female investors. If we fail to change the conversation and don’t move away from deeply entrenched stereotypes when we look at male and female investors, we are likely increasing opportunity risk and making it harder for female clients to meet their financial goals,” it said.
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