“We continue to see consistent interest from women investors on our platform. 60% of them once they start investing continue being recurring depositors,” said Viram Shah, Co-Founder and CEO of Vested Finance.
Over 60% women investors in the company that provides services to Indians for investing in the US stock market are from the millennial generation (1981-1995), and 20% are from Generation X (1965-1980), the firm said.
Besides recurring deposits, women also have shown interest in stocks and ETFs. Of 10 stocks and ETFs in which attract women, 9 are tech companies, and 1 is a semiconductor ETF.
These stocks and ETFs include Tesla, Amazon, Apple, Google, Microsoft, NVIDIA, Meta (Facebook), SOXL (ETF) –
Women investors are leaning more toward the tech giants with interests in companies that are part of their daily lives, Viram said.
“Last year, FAANG or FAANGM stocks saw the most significant fall; however, some stocks have recovered reasonably well from lows. Also, high inflation and FED, indicating it is still raising interest rates, have meant that growth in these stocks will likely remain slow in the near future. However, we cannot say that these stocks are losing their sheen. If we look at the last decade; the growth in the share price of these companies has been quite robust. So, even as the growth is slowing down, it is too early to write off these companies,” Viram said.According to Deloitte, the shifting landscape of the wealth management sector has moved industry participants to refocus business strategies. Simultaneously, women have emerged as interested, committed, and knowledgeable investors.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
