"NASA will make history with the first all-women spacewalk this month," UBS told investors. The event amplifies the messages of both space exploration and gender equality, UBS added, which "are both likely to have significant investment implications."
At the end of March a team of five women will break barriers in space, an event investment bank UBS thinks is more than symbolic: It's pivotal to investors.
"NASA will make history with the first all-women spacewalk this month," UBS said in a note to investors on Monday titled "one giant leap for woman-kind." The event amplifies the messages of both space exploration and gender equality, UBS added, which "are both likely to have significant investment implications."
UBS pointed to research that gender equality "will have major economic implications," the bank said. Narrowing the gap between the percentage of men and women participating in the global labor force could add $12 trillion to the world's GDP in the next six years, according to consulting firm McKinsey & Co.
Additionally, UBS found that companies where women make up at least 20 percent of either the board of directors or senior management "were more profitable than their less gender diverse peers on several metrics," the firm said.
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