Statistics show that, on average, women earn better investment returns, have a higher savings rate, and invest more consistently compared to men. And yet, fewer women invest than men. So why does the “gender investing gap” still exist?
StashAway will explore the question of the gender investing gap and more in its first masterclass series. She Invests will cover Personal Finance and Investing Basics, Investing in Your Beliefs with Thematic Investing, Digital Assets and Gender-equal practices at the Workplace.
Nandini Joshi, StashAway COO, says, “Compared to men, women tend to live longer, defer financial planning to their partners, and take time off work to look after their families. So it’s crucial that women take charge of their long-term financial planning and retirement needs. She Invests will immerse women in the full spectrum of financial planning opportunities, from investing in the S&P500 to understanding the world of crypto and NFTs.”
Michele Ferrario, StashAway Co-founder and CEO, adds, “Data shows that 94 percent of men want their partners involved in financial decisions. And the majority of women who defer financial decisions to their partners also want to be involved. She Invests doubles down on StashAway’s efforts to equip everyone with the knowledge and tools to have that conversation at home about financial planning. Ultimately, they can build and manage wealth for the long term.”
She Invests is an extension of StashAway Academy, the company’s free personal finance course, which has seen more than 16,000 female attendees across five markets. And the results speak for themselves: Clients who identify as female now make up half of StashAway’s client base, up from 10 percent from the company’s launch five years ago.
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StashAway is a digital wealth manager that offers investment portfolios and wealth management solutions for both retail and professional investors and operates in Singapore, Malaysia, the Middle East and North Africa, Hong Kong, and Thailand.
In January 2021, the company surpassed $1 billion USD in assets under management. It achieved this milestone faster than it took the world’s largest digital wealth managers, Betterment and Wealthfront, to reach the same milestone. In 2020, StashAway was recognized as a Technology Pioneer by The World Economic Forum and a Top 10 LinkedIn Startup.
StashAway has raised US$ 61.4 Million in six rounds of financing. Lead investors include Asia Capital & Advisors, Eight Roads Ventures, Square Peg and Sequoia Capital.