Press Release

PIMCO Finds Women’s Approach to Investing Still Underappreciated

Their financial goals, risk tolerance and investing philosophy deviate from traditional financial services framework

 

Newport Beach, California (September 6, 2018) – Women in the United States control $14 trillion of the nation’s personal wealth, or slightly more than half, yet their approach to investing is often underappreciated by the financial services industry charged with helping individuals and families grow their savings, according to research commissioned by PIMCO, one of the world’s premier fixed income investment managers.

In a survey conducted by The Harris Poll of 1,500 U.S. adults with investible household assets of over $10,000, more than half of the women said financial services do not reflect their lifestyles or their financial realities. This disconnect is rooted in the definition of investment performance. For the women surveyed, more than 60 percent said generating income is a top indicator of a successful investment portfolio followed by having the flexibility to meet unexpected needs (44 percent), and the resources to meet short- and medium-term lifestyle goals (41 percent).

Women said retirement savings were important, but only 17 percent cited it as their top financial goal. Instead, 84 percent of the women surveyed said they view investing as a tool to meet myriad short- and long-term financial obligations they manage which can include putting a child through school or caring for elderly parents.

As more household finances are controlled by women – by 2020 they are expected to manage $22 trillion of personal wealth – time management is becoming much more difficult. Of the younger women polled – Generation X or Millennial generations – 72 percent said “lack of time” was the biggest challenge in their day and nearly half said they feel more “time-poor than financially poor.”

The majority of women surveyed (78 percent) said they would be more interested in talking to a financial advisor if they focused on improving their quality of life rather than just beating the market and 71 percent said they would switch to financial advisor who can help simplify the management of their finances.

Access PIMCO’s research findings ‘Women, Investing and the Pursuit of Wealth-Life Balance at pimco.com/diverse-perspectives.

Media Contacts

Michael Reid
Global Head of Corporate Communications
New York
+1.212.597.1301
michael.reid@pimco.com

Agnes Crane
U.S. Corporate Communications
New York
+1.212.597.1054
agnes.crane@pimco.com

Jennifer Spivey
U.S. Corporate Communications
Newport Beach
+1.949.720.6374
jennifer.spivey@pimco.com

Jochen Haegele
EMEA Corporate Communications
Munich
+49.89.26209.6293
jochen.haegele@pimco.com

Laura Batty
U.K. and EMEA Corporate Communications
London
+44.20.3640.1414
laura.batty@pimco.com

Donna Chan
APAC Corporate Communications
Hong Kong
+852.3650.7752
donna.chan@pimco.com

Millie Dravers
Australia Corporate Communications
Sydney
+612.9290.9577
millie.dravers@pimco.com

Disclosures

About PIMCO

PIMCO is one of the world’s premier fixed income investment managers. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 45+ years since, we have continued to bring innovation and expertise to our partnership with clients seeking the best investment solutions. Today we have offices across the globe and 2,150+ professionals united by a single purpose: creating opportunities for investors in every environment. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.

About The Harris Poll:

The Harris Poll is one of the longest running surveys in the U.S. tracking public opinion, motivations and social sentiment since 1963 that is now part of Harris Insights & Analytics, a global consulting and market research firm that delivers social intelligence for transformational times. We work with clients in three primary areas; building twenty-first-century corporate reputation, crafting brand strategy and performance tracking, and earning organic media through public relations research. Our mission is to provide insights and advisory to help leaders make the best decisions possible. To learn more, visit www.theharrispoll.com.

Methodology

This survey was conducted online within the United States by The Harris Poll on behalf of PIMCO from May 3 - May 16, 2018, among 1,500 U.S. adults ages 18 and older, including 748 women. All respondents had over $10,000 in investable household assets and at least some financial decision-making responsibility within the household. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated.

Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO's sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.