Women and Investing

2 min read
Brought to you by Sound Choices - AGF Education for Investors and Advisors
 

Women Now Control More Wealth

woman-control-wealth.jpg

Control 32% of total global private wealth.1

And projected to control C$3.8 Trillion in wealth in Canada by 2028.2

And Not Just Through Wealth Transfer

woman-household.jpg

More than 40% of Canadian households report women as the primary breadwinners3

Women’s earnings 47% of family income4

Half of millennial women created their own wealth5 and nearly 80% of women will be the sole financial decision maker for their household, often for two decades or more.6

gender-effect.jpg

But Still Face the Gender Effect in Their Finances

Women live longer, so retirement savings need to last longer.7

Women on average earn 87% of what men earn, resulting in a lifetime pay inequality.8

Women are 3 times more likely to leave the workforce to take care of others4 resulting in Canadian women retiring with 30% less wealth than men.9

A Few Key Strategies Could Make All the Difference

Start Now.

Even one year can potentially make a big difference at age 65.

start-now-chart-en.jpg
Source: AGF Investments. Performance returns presented are hypothetical and for illustrative purposes only. It does not represent actual performance nor does it guarantee future performance. The rate of return shown is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values or returns. Assumptions were made in the calculation of these returns including that this chart represents the growth of hypothetical investments, assuming an investment of $5,000 per year with a 7% annual nominal rate of return compounded monthly, over the specified time periods. Any taxes due, trading costs and other fees associated with the portfolios are not included and trading prices and frequency implicit in the hypothetical performance may differ from what may have actually been realized at the time given prevailing market conditions.

Invest Regularly.

Every little bit helps, even $100 a month.

5-return-chart-en.jpg
Source: AGF Investments. Performance returns presented are hypothetical and for illustrative purposes only. It does not represent actual performance nor does it guarantee future performance. The rate of return shown is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values or returns. Assumptions were made in the calculation of these returns including $100 invested at the end of each month in a hypothetical investment with the stated rate of return. Any taxes due, trading costs and other fees associated with the portfolios are not included and trading prices and frequency implicit in the hypothetical performance may differ from what may have actually been realized at the time given prevailing market conditions.

Boost Your Returns.

What you invest in can make a huge difference over the long term.

boost-return-chart-en.jpg
Source: AGF Investments. Performance returns presented are hypothetical and for illustrative purposes only. It does not represent actual performance nor does it guarantee future performance. The rate of return shown is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values or returns. Assumptions were made in the calculation of these returns including $100 invested at the end of each month in hypothetical investments with the stated rate of return. Every other year is shown for illustrative purposes only. Any taxes due, trading costs and other fees associated with the portfolios are not included and trading prices and frequency implicit in the hypothetical performance may differ from what may have actually been realized at the time given prevailing market conditions.

The role of a financial coach

Want to improve what you eat, consult a nutritionist. Want to make the best use of your time at the gym, hire a personal trainer. Want to improve your finances, hire an advisor.

An advisor can evaluate your entire financial situation, and build a plan to get you started.

33% of women reported having a financial advisor.10

73% of those regret not doing it sooner.10

 

To better understand investing, please contact your financial advisor. Don’t have a financial advisor? Before you start your search, read about working with a financial advisor.

1Source: The Boston Consulting Group, "Managing the Next Decade of Women’s Wealth", April 2020.
2Source: The Changing Landscape of Women’s Wealth, CIBC Economics, released March 4, 2019.
3Source: Women in Canada: A Gender-based Statistical Report The Economic Well-Being of Women in Canada, Stats Canada, 2018.
4 Source: The Changing Landscape of Women’s Wealth, CIBC Economics, released March 4, 2019. 
5Source: The new face of wealth and legacy: Redefining wealth and giving, Economist Intelligence Unit in partnership with RBC Wealth Management, June 12, 2018.
6Source: https://www.cnbc.com/2022/04/27/op-ed-recent-widows-need-guidance-with-money-issues.html.
7Source: Statistics Canada, released November 27, 2023.
8Source: https://payequity.gov.on.ca/the-gender-wage-gap-its-more-than-you-think.
9Source: https://www.mercer.com/en-ca/insights/investments/market-outlook-and-trends/addressing-the-retirement-savings-gap.
10Source: 2023 Women Money Power Study, Allianz Life, February 2024.

Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

This material is for informational and educational purposes only. It is not a recommendation of any specific investment product, strategy, or decision, and is not intended to suggest taking or refraining from any course of action. It is not intended to address the needs, circumstances, and objectives of any specific investor. This information is not meant as tax or legal advice. Investors should consult a financial advisor and/or tax professional before making investment, financial and/or tax-related decisions.

AGF Investments is a group of wholly owned subsidiaries of AGF Management Limited, a Canadian reporting issuer. The subsidiaries included in AGF Investments are AGF Investments Inc. (AGFI), AGF Investments America Inc. (AGFA), AGF Investments LLC (AGFUS) and AGF International Advisors Company Limited (AGFIA). The term AGF Investments may refer to one or more of these subsidiaries or to all of them jointly. This term is used for convenience and does not precisely describe any of the separate companies, each of which manages its own affairs.

AGF Investments entities only provide investment advisory services or offers investment funds in the jurisdiction where such firm and/or product is registered or authorized to provide such services.

AGF Investments Inc. is a wholly-owned subsidiary of AGF Management Limited and conducts the management and advisory of mutual funds in Canada.

® ™ The “AGF” logo and all associated trademarks are registered trademarks or trademarks of AGF Management Limited and used under licence.

RO 3466856 
March 22, 2024
Quick Reference Guide

Download this all-in-one guide to investment concepts

Browse the Library

For advisors

Continuing Education and other resources (log-in required)