While women continue to be the minority in the leadership of corporate boardrooms and the wage gap remains a pervasive inequality in the global economy, women are gaining ground in one area: global wealth.
From 2010 to 2015, women’s share of global wealth rose from $34-trillion to $51-trillion. By 2020, women are expected to hold 32 per cent of global wealth. In Canada, women’s share of private wealth is expected to more than double, from $1.2-trillion to more than $2.7-trillion, by 2024, representing 50 per cent of Canadian wealth. In the United States, women hold more than 50 per cent of personal wealth today, and that is expected to rise to 65 per cent by 2030. This raises an interesting question for corporations and wealth advisers – will women invest differently than men, and how might that affect portfolios and the economy more broadly?
In fact, studies indicate that attitudinal differences do affect the way women invest. In particular, women are more inclined than men to want their investments aligned with certain social and environmental values. A recent U.S. Trust survey of high-net-worth investors asked how important social, political or environmental concerns were in evaluating investment opportunities. They were considered “somewhat” or “extremely” important by 63 per cent of women, relative to 41 per cent of men. A 2015 Morgan Stanley report found that women “are nearly twice as likely as male investors to consider both rate of return and positive impact when making an investment.” In a global survey by the Centre for Talent Innovation, 90 per cent of women said “making a positive impact on society is important” when considering investment decisions.
www.theglobeandmail.com
Read More
0 comments:
Join the Conversation