NEW research has revealed that while fewer women actively invest they are investing more when they do.
Data from The Share Centre said year to date trades in stocks and shares ISAs made by those aged 18-36 rose by almost one-fifth (19 per cent) year on year.
Inflow figures showed a similar picture, up 8% compared to last year. However, the amounted invested by female millennial investors was up 40% but down 2% for their male counterparts.
A separate Freedom of Information request submitted to HMRC revealed that women invested an average of £9,853 in stocks and shares ISAs in 2014/15, compared to an average of £9,560 for men – a difference of 3% or almost £300.
Richard Stone, chief executive of The Share Centre, said many people struggled to engage with the financial services industry because it “continues to be characterised by jargon, complexity and mysticism”.
“The increase in forums aimed at women, and young women in particular, has clearly had an impact in improving levels of engagement and more needs to be done to engage investors across all ages and genders, cutting through the artificial barriers created by jargon and complexity which have become entrenched over many decades,” he said.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article