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Bear market prompts caution by women but men still favour equities

Women are reacting more cautiously to the continuing bear market and are more likely to choose bond funds than men, according to research conducted on behalf of Fidelity Investments.

The company says 25 per cent of females plan to invest solely in bond funds this Isa season while men are much less risk-averse, with only 7 per cent saying that bond funds will be their sole choice.

The polarisation bet-ween the sexes is equally evident when it comes to equity investments, with 25 per cent of men saying they would only consider investing in equities. By contrast, only 10 per cent of women wanted to opt solely for equities.

The findings are drawn from a survey of 1,953 adults from across the UK who were interviewed face to face by Mori between November 28 and Dec-ember 3, 2002.

Fidelity Investments executive director Ann Davis says: “Irrespective of gender, it is extremely important that every Isa investor regularly reviews their portfolio to ensure that they are on track to meet long-term savings goals and then invest accordingly.

“It is surprising to see such a disparity between the sexes this tax year, with women steering away from equities in favour of bonds. Whichever type of Isa an investor chooses, they must make sure that they are investing for the right reasons such as to build up a diversified portfolio, invest for income or remain on target to reach their savings goals.”

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