There is a significant lack of trust in the investment industry from women and minorities “due to historic and ongoing exclusion of them”, a report from think tank and advocacy group City Hive has found.
As a result of the mistrust, the investment and asset management firms are missing out on significant amounts of investable money, the report, which was supported by White Marble, Schroders and a consortium of retail and institutional asset managers, said. The research, involved a survey on general financial attitudes and practices, followed by a series of in-depth interviews with a range of participants across demographic characteristics. The results of the survey alone were striking, with 35% of men surveyed having an investment portfolio compared to just 12.5% of women. The pict...
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