Stephanie Epstein, co-chair of BlackRock’s Girls’s Initiative & Allies Community and world head of mannequin’s infrastructure (WIN), stated, “This funding technique is a technique by which BlackRock appears to be like to assist ladies obtain higher long-term monetary outcomes whereas we – as a society – proceed to work towards closing the gender pay hole and discovering extra equitable options for caregiving.”
As the muse of a lady’s funding portfolio, BlackRock’s Mannequin Portfolios for Girls embody funding mixes for girls throughout a number of life phases.
“The monetary challenges ladies face aren’t new. Now, advisors have a bespoke, actively managed, and low-cost resolution to assist ladies shoppers obtain their monetary objectives,” stated Carrie Schroen, Divisional Director at BlackRock’s U.S. Wealth Advisory group. “That is particularly related as ladies maintain an more and more bigger share of world wealth,” she added.
In launching of the brand new portfolios, BlackRock is following via on its dedication to advancing gender fairness. It follows a Might memorandum of understanding that it signed with UN Girls, the United Nations entity dedicated to ladies’s empowerment and gender equality, underneath which BlackRock pledged to assist promote the expansion of gender lens investing.