When investing, women in the Middle East tend to choose lower-risk portfolios compared to men, according to new research from digital wealth management platform StashAway.
Although women tend to show long-term, consistent investing behaviours, not enough of them are investing. Almost 60 percent of women aren’t engaged in investing or retirement planning, and 58 percent defer their long-term financial planning to their partners.
“It’s imperative for women to take charge of their financial well-being, as they’re more likely to live longer and take time off work to look after their families. Closing the gender investing gap is one of the most impactful ways we can improve wealth equity,” said Nandini Joshi, chief operating officer.
Women also check their investments 1.5 times less than men, making them more consistent investors. StashAway data shows that those who check their investments frequently are more likely to react impulsively to short-term market volatility. This can often result in investors withdrawing their funds from the markets prematurely. Women are more likely to stay invested over the long term. Staying invested over the long term helps investors reap compounded returns and benefit from long-term market growth.
