Invested interests

AS NEW DATA SHOWS THAT MANY WOMEN ARE POWERING AHEAD AS INVESTORS, VICKY SHAW GETS SOME EXPERT ADVICE

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WOMEN have traditionally taken a backseat with finances, and are often seen as less confident when managing their money - but times are changing.

When it comes to investing, data from finance app Revolut shows many are powering ahead of men.

Those aged 45-54 performed particularly strongly against men in the same age group last year, in terms of seeing their investments generating higher returns.

The research found investments made by women aged 25-34 and 55-64 also recorded higher profits when compared with men in the same age group.

While younger women aged 18-25 recorded less profits than men in the same age group, this age group significantly boosted the number of trading accounts it held, Revolut said.

Overall, the number of trading accounts opened by women in 2024 was up by 31% year-on-year, compared with an increase of 20% for men, according to the platform's data.

It says technology stocks dominated investment trends for UK customers last year.

Yana Shkrebenkova, CEO of wealth and trading at Revolut UK, says: “It’s refreshing but not unexpected to see women finally out-investing men.

“Gen Z women - those in their 20s - in particular are becoming increasingly active in the space and are taking steps to up-skill and close the investment gap, perhaps due to better access to online resources.”

She adds: “While men have historically been considered more confident investors, our data shows that women are becoming increasingly empowered to embrace trading and wealth management.