Taking care of one’s family and heirs often includes a desire to ensure a more comfortable future for loved ones, supporting them in pursuing their passions and dreams.
Women tend to value wealth as a source of security, being able to afford a certain lifestyle for themselves and their loved ones.
For women, legacy goals often mean more than passing on wealth to the next generation; it also means being able to shape the world around them for a better future.
Having a personalised wealth plan is crucial to achieve such goals.
About 56 per cent of women (compared with 47 per cent of men) do not know how much wealth they can pass on to the next generation, according to data from the 2022 UBS Investor Watch.
This further highlights the importance of planning. Preserving or better growing money through investing is necessary to avoid wealth erosion through inflation, taxation and consumption over the generations.
Over the years and across generations, that spending power can diminish dramatically. Therefore, there is a need to invest in assets that generate positive and growing returns.
Post pandemic, we see an increase in the number of women who are interested in investing. However, we still see a gap between intention and action.
Women are often more reluctant to take financial risks. This is not because women are per se risk-averse, but rather calculated risk-takers.
Men tend to be more exposed to conversations about investing, even from a young age.
Knowledge and experience help to increase risk-tolerance as it affects the perception of risk. This suggests that if women do not gain investing experience, they will continue to view investing as riskier or more daunting.
We see that younger women are more financially literate, which makes them more financially confident. Once women invest, they tend to do better than men.
A study from Warwick Business School concluded that women outperform men by 1.8 per cent per annum. This is mainly because they trade less often, are more disciplined and less likely to sell during market lows.
To identify the appropriate size and investment approach for the legacy goals, it is important to look at the entire wealth plan and how assets can be allocated to meet one’s needs.
Once women investors have defined and funded their strategies for short-term and medium-term cash-flow needs and lifetime goals, they can invest the remaining wealth in their financial legacy strategy.
Without the need to sustain withdrawals, such a strategy dedicated for legacy goals has an inherently higher capacity for risk.
Specifically, a multigenerational time horizon allows more flexibility in using illiquidity as a source of potential returns.
Examples of illiquid assets that should be considered in a legacy portfolio include real estate, hedge funds, private markets and infrastructure. These offer the potential for higher risk-adjusted returns, but come with the need to lock up capital for longer.
Data suggests that women are comfortable using illiquidity in favour of investment returns.
World's 10 wealthiest women in 2023 — in pictures
More women (61 per cent) than men (50 per cent) were keen to receive advice about investing in illiquid assets, according to the UBS Investor Watch survey.
In addition, research suggests that women’s favourite asset class is real estate, while men’s is equities.
Women investors may also want to incorporate long-term thematic investment funds to benefit from structural trends.
Through long-term themes, women investors are also able to align their investments to their values and beliefs, which provides them with a sense of purpose through their investments.
Research has shown that women tend to have greater confidence in investing their money when their values are aligned with their investments and when they see a social impact.
The UBS survey highlights that 71 per cent of women take sustainable considerations into account when investing compared with 58 per cent of men.
Beyond investing to preserve and grow wealth, it is also important to have succession plans in place to ensure a smooth transfer of assets.
Women investors may want to incorporate long-term thematic investment funds to benefit from structural trends
Marianna Mamou,
UBS CIO Global Wealth Management
However, we also see a gender gap in planning, with 55 per cent of women who intend to leave an inheritance not having any plans in place compared with 41 per cent of men.
Furthermore, according to a study by Limra, only 47 per cent of women have life insurance, compared with 58 per cent of men.
At a minimum, women should have in place a will, together with an assigned person to execute it.
In addition, depending on the specific needs, trust and life insurance solutions may be components of a successful transfer of wealth.
Women value expert advice more highly than men, not only in terms of investment advice, but also in terms of facilitating succession discussions and executing succession plans.
To meet their objectives, women need to plan, invest smartly and orchestrate the transfer of their wealth.
A study by BNY Mellon calculated that if women invested at the same rate as men, there could be more than $3.22 trillion of additional capital to invest globally, with about $1.87 trillion flowing into more sustainable and impactful investing.
Through their investments, charitable donations and financially educating their heirs, women have the potential to make a significant impact on both society and future generations.
Marianna Mamou is head of advice beyond investing at UBS CIO Global Wealth Management
The currency conundrum
Russ Mould, investment director at online trading platform AJ Bell, says almost every major currency has challenges right now. “The US has a huge budget deficit, the euro faces political friction and poor growth, sterling is bogged down by Brexit, China’s renminbi is hit by debt fears while slowing Chinese growth is hurting commodity exporters like Australia and Canada.”
Most countries now actively want a weak currency to make their exports more competitive. “China seems happy to let the renminbi drift lower, the Swiss are still running quantitative easing at full tilt and central bankers everywhere are actively talking down their currencies or offering only limited support," says Mr Mould.
This is a race to the bottom, and everybody wants to be a winner.
More from Neighbourhood Watch:
UAE currency: the story behind the money in your pockets
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Nick's journey in numbers
Countries so far: 85
Flights: 149
Steps: 3.78 million
Calories: 220,000
Floors climbed: 2,000
Donations: GPB37,300
Prostate checks: 5
Blisters: 15
Bumps on the head: 2
Dog bites: 1
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
UK-EU trade at a glance
EU fishing vessels guaranteed access to UK waters for 12 years
Co-operation on security initiatives and procurement of defence products
Youth experience scheme to work, study or volunteer in UK and EU countries
Smoother border management with use of e-gates
Cutting red tape on import and export of food
MATCH INFO
England 19 (Try: Tuilagi; Cons: Farrell; Pens: Ford (4)
New Zealand 7 (Try: Savea; Con: Mo'unga)
UAE currency: the story behind the money in your pockets
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England World Cup squad
Eoin Morgan (capt), Moeen Ali, Jofra Archer, Jonny Bairstow, Jos Buttler (wkt), Tom Curran, Liam Dawson, Liam Plunkett, Adil Rashid, Joe Root, Jason Roy, Ben Stokes, James Vince, Chris Woakes, Mark Wood
World Cup final
Who: France v Croatia
When: Sunday, July 15, 7pm (UAE)
TV: Game will be shown live on BeIN Sports for viewers in the Mena region
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%20Dual%20synchronous%20electric%20motors%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E660hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E1%2C100Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20automatic%0D%3Cbr%3E%3Cstrong%3ETouring%20range%3A%20%3C%2Fstrong%3E488km-560km%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh850%2C000%20(estimate)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EOctober%3C%2Fp%3E%0A
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
Results for Stage 2
Stage 2 Yas Island to Abu Dhabi, 184 km, Road race
Overall leader: Primoz Roglic SLO (Team Jumbo - Visma)
Stage winners: 1. Fernando Gaviria COL (UAE Team Emirates) 2. Elia Viviani ITA (Deceuninck - Quick-Step) 3. Caleb Ewan AUS (Lotto - Soudal)
Set-jetting on the Emerald Isle
Other shows filmed in Ireland include: Vikings (County Wicklow), The Fall (Belfast), Line of Duty (Belfast), Penny Dreadful (Dublin), Ripper Street (Dublin), Krypton (Belfast)
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Biography
Favourite book: Zen and the Art of Motorcycle Maintenance
Holiday choice: Anything Disney-related
Proudest achievement: Receiving a presidential award for foreign services.
Family: Wife and three children.
Like motto: You always get what you ask for, the universe listens.
Gothia Cup 2025
4,872 matches
1,942 teams
116 pitches
76 nations
26 UAE teams
15 Lebanese teams
2 Kuwaiti teams
WOMAN AND CHILD
Director: Saeed Roustaee
Starring: Parinaz Izadyar, Payman Maadi
Rating: 4/5
Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Raha%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Kuwait%2FSaudi%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Tech%20Logistics%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2414%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Soor%20Capital%2C%20eWTP%20Arabia%20Capital%2C%20Aujan%20Enterprises%2C%20Nox%20Management%2C%20Cedar%20Mundi%20Ventures%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%20166%3C%2Fp%3E%0A
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Five famous companies founded by teens
There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:
- Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate.
- Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc.
- Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway.
- Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
- Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
The Brutalist
Director: Brady Corbet
Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn
Rating: 3.5/5
Company Fact Box
Company name/date started: Abwaab Technologies / September 2019
Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO
Based: Amman, Jordan
Sector: Education Technology
Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed
Stage: early-stage startup
Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.
