Happy Monday!
I hope you will all join us on this Thursday, April 28th for TXWSW 7th annual State of the Markets event – we are thrilled and honored to have an all-star line-up of CIOs who will share their opinions on their market outlook. The panelists this year include Janet Handley, CIO of the Texas A&M Endowment, Katherine Nixon, CIO of Northern Trust, Carol McFate, CIO of Xerox Corporation and Paul Ballard, CIO of Texas Treasury Safekeeping & Trust Company. For our sponsor breakfast on Friday, April 29th, we will have secured the Editor of “The Daily Shot” and Danielle DiMartino Booth of Money Strong as our keynote speakers. Tickets are on sale and sponsorships are available.
To begin, last week it was announced that Harriet Tubman will replace Andrew Jackson on the $20 bill. A woman has not appeared on US currency in more than 100 years and I think they could not have chosen a more deserving woman for the honor. The full article can be found here: http://www.wsj.com/articles/harriet-tubman-to-be-added-to-20-bill-1461170454
To go from currency to spending, there is now a new website that will help women focus their purchasing power on companies that promote gender equality in the workplace. With women making over 70% of purchasing decisions in the US alone, this initiative gives real meaning to the power of the purse:http://www.buyupindex.com/about/
It is often reported that women have a hard time obtaining funding from venture capitalists. One website has identified 8 female venture capitalists that have money to allocate to women-led firms. The full article can be found here: http://www.mydomaine.com/female-venture-capitalists
UBS published a research report that continues the conversation on gender lens investing and include studies that show that greater female representation in corporate leadership may be associated with higher profitability. The full report can be found here: https://www.ubs.com/microsites/together/en/can-i-truly-make-a-difference.html
From the bad news file, a PwC study of 2,500 global public companies noted that even with the highest turnover rate of CEOs, women only gained less than 3% of new CEO positions, the lowest percent since 2011. The full article can be found here: http://www.bloomberg.com/news/articles/2016-04-18/women-get-less-than-3-of-new-ceo-jobs-as-global-progress-stalls
Lastly, I would like to invite our readers to join the Harvest Exchange –it is a network of 8,000+ of the world’s top investors and investment firms brought together in a forum to exchange ideas. To learn more, please use this link: https://www.hvst.com/referrals/r8oJJ6QTAR0
We thank you all for your continued support as we continue to grow and look forward to seeing you all soon!
Very kind regards
Christine