by Kathleen McQuiggan, Senior VP, Global Women’s Strategies, Pax World and Managing Director, Pax Ellevate Management, LLC
For an industry that prides itself on mastering risk management, finding value and uncovering arbitrage opportunities, I think the financial services sector is falling flat. Why? Because most firms are overlooking one of the biggest investment opportunities ever: women.
US sustainable, responsible and impact (SRI) investing continues to expand. The total US-domiciled assets under management using SRI strategies grew from $6.57 trillion at the start of 2014 to $8.72 trillion at the start of 2016, an increase of 33 percent, as shown in Figure A. These assets now account for more than one out of every five dollars under professional management in the United States.
By Kathleen McQuiggan, Senior Vice President of Global Women's Strategies for Pax World Management LLC and Managing Director of Pax Ellevate Management LLC
Imagine walking into your first Wall Street job, fresh out of college, ready to take on the world. That was me twenty-five years ago when I boldly entered the world of finance as a sales assistant for two institutional brokers. At the time I knew nothing about investing or client service, but I knew that it was a fantastic opportunity to learn and it was an environment in which I could thrive – so I was all in.
By Amy Domini, founder of Domini Social Investments and partner in The Sustainability Group
As I was working on this article, the old Buffalo Springfield lyrics kept buzzing through my mind. “There's something happening here; what it is ain't exactly clear.” The more I looked at actual research about women as investors, both as investment managers and as persons making decisions about how and where to entrust their savings, a conundrum became apparent. Women are good investors, better than men, but women are not trusted to run portfolios.
How the Transfer of Weaith is Transforming Wall Street
by Lynne Ford, Executive Vice President, Calvert Investments
Three important trends are already changing the asset management industry, and are poised to become even more important in the coming years. First, based on their spending and earning power, women now represent a growth market bigger than those of China and India combined. This reality was identified by Kate Sayre and Michael Silverstein of the Boston Consulting Group in their article “The Female Economy.”
By Leslie Samuelrich, President of Green Century Capital Management
What do the studies demonstrating the value of having women in leadership positions mean for those of us in the field of impact investing? For starters, it is helpful data to concretely back up what many of us already know from our experience – women can be strong leaders, communicators, problem-solvers and staff managers who can help a company not only survive, but thrive.