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Issuer: Trade Republic Bank GmbH
/ Key word(s): Research Update
08.03.2023 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
ON INTERNATIONAL WOMEN’S DAY: WOMEN INVEST MORE JUDICIOUSLY THAN MEN
EVEN IN TIMES OF CRISIS |
- In 2022, women increased their monthly savings rates for ETF savings plans by about 17%. The volume of annual savings plan executions increased by 28%.
- Women increased the share of ETFs in their portfolios to a 48% average during the 2022 market downturn.
- Women astutely adapted their risk profile to the changing macroeconomic landscape.
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Berlin, March 08, 2023. Just in time for International Women’s Day, Trade Republic, Europe’s largest savings platform, shares insights on the savings and investment behavior of women in Germany. Despite a challenging market environment marked by high inflation and recessionary concerns, women increased their rate of savings in 2022 compared to the previous year. In doing so, women invested in a more risk-conscious and diversified manner than men.
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“Based on our data, we can clearly see that even during challenging times characterized by rising interest rates and steep market downturns, women are not only continuing to save consistently, but are expanding their savings activities even further,” says Christian Hecker, co-founder of Trade Republic. “In particular, they have significantly increased their share of ETFs and are focusing on increasing their savings over the long term. It shows that women are acting with greater confidence and common sense to navigate uncertainty in the capital markets. First and foremost, it takes an interest in one’s own finances, common sense and risk awareness to successfully build up wealth. Women bring all of this with them in a very natural way when they decide to take their finances into their own hands.”
For International Women’s Day, Trade Republic analyzed data from its German clients from 2021 and 2022, with a particular focus on changes in women’s savings behavior during the challenging market period in 2022. While the S&P 500 ended 2021 with a positive performance of about 27%, it plummeted by almost 19% the following year, demanding strong nerves and stamina from savers. Women thus rose to the challenge by further diversifying their portfolios and increasing their saving rate.
The average share of ETFs in women’s portfolios rose by ten percentage points from 38% in 2021 to 48% the following year. Comparatively, men increased their ETF share from 29% (2021) to 36.5% in 2022. The group of 26- to 35-year-old women in particular had the highest share of ETFs in their portfolios, at 55%. For both groups, the remaining percentage points were distributed among the categories of uninvested cash, equities, cryptos and derivatives.
Women also increased the frequency by which they contributed to their ETF savings plans by around 17% (men: 15%). In terms of the number of annual savings plan executions, women increased theirs by 28% in 2022, outpacing men by two percentage points year-over-year. In this context, the Core MSCI World USD Acc (WKN: A0RPWH) was the most popular ETF among women in Trade Republic’s trading universe in Germany.
Looking at the current poverty risks figures from the Federal Statistical Office in Germany, it is clear that women are at a higher risk of not having enough money to live on in old age. According to forecasts, 16.5% of women and 15.1% of men in Germany are at risk of poverty. Trade Republic’s mission is to facilitate private wealth accumulation and retirement planning for all people with secure, easy and commission-free access to the capital markets.
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Bettina Fries
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| ABOUT TRADE REPUBLIC |
| Trade Republic is on a mission to set millions of Europeans up for wealth creation with secure, easy and commission-free access to capital markets. With over one million customers, Trade Republic is already the home screen app for many Europeans to manage their wealth. It offers investing in savings plans, fractional investing and ETFs as well as derivatives or crypto. Trade Republic is a technology company supervised by Bundesbank and BaFin. As Europe’s largest savings platform, Trade Republic has received investments by Accel, Peter Thiel‘s Founders Fund, Ontario Teachers‘, Sequoia and TCV. The company based in Berlin was founded in 2015 by Christian Hecker, Thomas Pischke, and Marco Cancellieri. |
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