'Girls Who Invest' Empowers Young Women to Get Into Finance
With only 1.1% of women and minorities running the asset management industry's $71.4 trillion in assets, the field is lacking diversity. Girls Who Invest, a non-profit organization, is using empowerment to try to change that. Seema Hingorani, Founder of Girls Who Invest, joined us at the New York Stock Exchange to share why she feels it is important to encourage young women to pursue careers in asset management.
Girls Who Invest is working towards the goal of getting 30% of investable assets managed by women by 2030. Hingorani says the lack of diversity is a pipeline problem. She adds that young women don’t even know about the industry and how impactful and rewarding it can be. Hingorani said there has been a cloud over the industry since the 2008 financial crisis. To reach the next generation of women, Girls Who Invest designed a 10-week summer program for college students.
President Trump's immigration policies have put up a roadblock to Girls Who Invest's international growth, Hingorani says. Girls Who Invest accepted fewer international students in 2017 than last year because several women struggled to obtain work visas. She says the policies hurt the talent pool because talented women aren’t getting interviews due to the fact they don’t have visas.
Disney content has gone dark on YouTube TV, leaving subscribers of the Google-owned live streaming platform without access to major networks like ESPN and ABC. That’s because the companies have failed to reach a new licensing deal to keep Disney channels on YouTube TV. Depending on how long it lasts, the dispute could particularly impact coverage of U.S. college football matchups over the weekend — on top of other news and entertainment disruptions that have already arrived. In the meantime, YouTube TV subscribers who want to watch Disney channels could have little choice other than turning to the company’s own platforms, which come with their own price tags.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
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