March 8th was International Women’s Day, a global day that celebrates women's social, economic, cultural and political achievements. The day also marks a call to action for accelerating gender equality.
The Motley Fool recently released some research on the differences between women and men regarding savings, investing, and earnings (1). I thought it would be interesting to dive into their data and a few other resources I've recently reviewed.
Part of the job of a financial advisor is to stay on top of trends in the investment industry, and to advise clients accordingly. One of the fastest growing sectors of the Canadian investment landscape is the Socially Responsible Investment sector. SRI is no longer just a niche segment of the marketplace; as of December 31 2017, just over half of all invested assets in Canada use SRI screens.
For many investors, the investment process is about getting from point A to B while capturing the maximum return for an acceptable level of risk. However, some investors prefer to “put their money where their mouth is” and align their investments with their social beliefs and values. This increasingly popular segment of the investment universe is known as Socially Responsible Investing (SRI).