Nutmeg study shows men more prone to sell during turbulance
Other research shows female approach to risk can give an edge
If extreme market swings have become the new norm, look to women of the investing world to keep calm and carry on.
Men are four times more likely to withdraw from investments during periods of turbulence, claims a new study from Nutmeg Saving and Investment Ltd., a Europe-based robo-adviser.
Its researchers focused on violent price moves in the FTSE 100 Index over the past six years, defined as any time the gauge swung by more than 1.5 times its normal monthly volatility. They said that out of 50,000 U.K.-based investors on the Nutmeg platform, women more often held their positions steady in the grip of events like the Greek debt panic in 2013 or February’s market correction.
The study sits alongside those from Morningstar Inc. which found that, on average, women’s approach to risk gave them an edge as active money managers, particularly in fixed income.
www.bloomberg.com
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