The company mobilizes local organizations, personalized resources for women who pledge to close their investment gap
KANSAS CITY, Mo., June 22, 2022 /PRNewswire/ — American Century Investments, the $230 billion* global asset manager, tackles the gender investment gap, in which women have about 80% of men’s retirement income while outliving men by an average of five years.1 In addition to mobilizing organizations like the Kansas City Current National Women’s Soccer League team to highlight the issue, American Century is empowering women to make progress toward closing their own investment gap through information and personalized resources for those who commit to investing.
“We are focused on closing the gender gap in investing because we are a company that strives to help people who want to achieve their goals of financial success while striving to ‘have a positive impact on society,’ said Sibil Sebastian, Vice President, Strategy and Corporate Development at American Century. “Making a positive impact on society by helping people succeed financially is embedded in our identity and ownership structure. Striving to deliver investment results for our clients, with the goal of helping them succeed, generates also money for medical research, with over 40% of our profits going to our majority owner, the Stowers Institute for Medical Research.”
Addressing the causes of the gender investment gap
Women only earn 60% more than men over their lifetime.2 Care responsibilities that fall disproportionately on women negatively impact their earnings, promotions and savings.3 In childhood, girls are not taught to build wealth as much as boys.4 As adults, women are less confident about investing and see themselves as less financially literate.
To inspire confidence and give women the knowledge and confidence they need to close their personal investment gap, American Century’s campaign features investment ideas from women in the investment industry. Quarterly office interviews with VP and Client Portfolio Manager Elaine Bourke and a financial consultant cover the latest topics. Those who sign the Pledge to Invest will have access to personalized content, workshops and networking opportunities over the coming months to help them set and achieve their goals.
Countryside Art features works by Kansas City artist and entrepreneur Megh Knappenberger
Kansas City artist Megh KnappenbergerBright colors and raw textures bring the campaign messages to life. His campaign artwork, featuring two American Century employees and KC Current players, demonstrates the power, movement and inspiration of a successful financial future. “With a studio that shares the same hometown as our global headquarters and her background as a woman building a business, we believe Megh is a natural candidate to help bring to life the grit and courage needed to bridge the gap. investment,” said Sebastian.
Visit the campaign website to learn more about the investment gap and the American Century, start planning an investment, read investing information, or sign the pledge.
Investments of the American Century
American Century Investments is a leading global asset manager focused on delivering investment results and building long-term client relationships while supporting cutting-edge medical research. Founded in 1958, American Century Investments’ 1,400 employees serve financial professionals, institutions, corporations and individual investors from offices located in New York; London; Frankfurt; hong kong; sydney; Santa Clara, California.; and Kansas City, Mo. Jonathan S.Thomas is President and Chief Executive Officer, and victor zhang holds the position of Chief Investment Officer. Providing investment results to clients enables American Century Investments to distribute more than 40% of its dividends to the Stowers Institute for Medical Research, a 500-person nonprofit basic biomedical research organization. The Institute owns over 40% of American Century Investments and has received dividends from $1.87 billion since 2000. For more information about American Century Investments, visit www.americancentury.com.
This material has been prepared for educational purposes only. It is not intended to provide, and should not be relied upon for, investment, accounting, legal or tax advice.
* Assets under surveillance as of 06/09/22.
©2022 American Century Proprietary Holdings, Inc. All rights reserved
1 Gender Pay Gap Persists Through Retirement, National Institute on Retirement Security, May 2020.
2 Special Report: Women and Investing, Morningstar, March 2021.
3 Status of Women and Caregiving, caregiving.com, March 2021.
4 Do we talk about money differently with our sons and daughters? PNC Perspectives, September 2021.
SOURCE American Century Investments