You are here: Home - Investing - Getting Started - News -

Female millennials embrace the stock market

0
Written by:
09/03/2018
Female millennials are becoming more active investors with trades up 15% year-on-year, according to research from The Share Centre.

Women have historically proved reluctant investors. A recent survey by Boring Money found that only 23% of women have investment products compared to 35% of men. Only 32% of women feel confident choosing an investment product, against 46% of men. The group said the amount invested overall by 18-36 year olds in ISAs is up an impressive 33%.

While women have traditionally been seen as risk-averse, The Share Centre survey showed the opposite, with 80% of the top ten purchased equities in smaller companies, including exploration company Echo Energy, oilfield services provider Petrofac and gold miner Centamin.

Having more women leaders may additionally be inspiring female investors. Indeed, later this month Royal Mail is set to join the FTSE 100 and Moya Greene being at the helm will take the total number of female-led companies within the index to eight.

Francesca Ecsery, non-executive director at The Share Centre, said, “It’s encouraging to see that female millennials are getting savvier and taking an increased interest in investing. The fact that there will soon be eight women at the helm of companies such as ITV, Kingfisher, Imperial Brands and Whitbread within the FTSE 100, could be a factor behind this confidence boost as the increasing visibility of successful women may encourage investors to participate in the market and share in their success. Long may this trend continue.”

The top 10 shares bought by women on The Share Centre platorm

  1. Echo Energy
  2. Petrofac
  3. Centamin
  4. Sirius Minerals
  5. GlaxoSmithKline
  6. Lloyds Banking
  7. UK Oil & Gas Investments
  8. Angus Energy
  9. IQE
  10. Premier African Minerals.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The mistake that could see your broadband bill soar by 89%

UK households are paying hundreds of pounds more than necessary a year for being loyal to their broadband supp...
The mistake that could see your broadband bill soar by 89%

29 savings accounts beat inflation, but most people won’t switch

A total of 29 accounts now match or beat inflation, but the majority of savers will stick with a poor paying d...
29 savings accounts beat inflation, but most people won’t switch

HSBC to pull £200 current account switch deal

HSBC has announced it will axe its range of current account switch incentives in the next few weeks so if you...
HSBC to pull £200 current account switch deal

Ryanair jetting towards US flights for £10

Ryanair is on course to achieve its long-held ambition of offering transatlantic flights to the US – and the...

Investing in car parks: a good vehicle for income seekers?

As the search for income continues, many investors are turning to alternatives, with car parks becoming increa...

A quick guide to guarantor loans – in association with Guarantor Loan Comparison

Considering a guarantor loan or becoming a guarantor yourself? Read our essential guide...

Results round-up: Companies to watch this week

Mulberry and more will face the music this week.

Product launches of the week

Select Property Group, Schroders, Leeds Building Society and more have exciting news this week.

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
Government ‘names and shames’ employers on minimum wage violations

The government has named and shamed 179 employers – including restaurant chain Wagamama and Marriott hotels - for underpaying more...

Close