Thursday, 28 July 2022 03:54

BlackRock’s New Models Are Breaking the Glass Ceiling

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There has been a whole slew of products to increase equity in the financial world but BlackRock has introduced models that directly target female financial goals. The models are directly trying to think about female financial outcomes along three lines: life expectancy, income gap, and employment gap. Women live longer than men by about five years which affects their financial outcomes. Additionally, they earn less and are less likely to spend time in the workforce due to child labor. These outcomes mean women are systematically under-allocated to equities during critical periods of their life. The goal of these portfolios is to address the specific circumstances that women face at different periods in their life.

Finsum: This is a great insight by BR, and a more aggressive strategy might be needed for women to bridge the gap in their financial outcomes.

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