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Industry’s ‘Confidence Gap’ Narrative Is Discouraging Women From Investing, eToro Analysis Finds

Message framing strongly influences women’s willingness to invest.

Overview

  • Reviewing more than 80 UK industry reports from 2020–2025, eToro found 57% framed women’s investing confidence in negative terms such as being too nervous or unsure where to start.
  • Message-testing with Appinio on 2,000 UK women showed nearly one in five became less likely to invest when told they lack confidence, almost a quarter felt patronised, and 17% lost motivation.
  • When the script was flipped with positive evidence, motivation to invest rose 44% and 26% of current non‑investors wanted to learn more after seeing that women can outperform men.
  • Academic research, including Warwick Business School findings, reports women outperform men by nearly 2% a year, attributed to trading less frequently and taking a longer-term view.
  • eToro launched its Loud Investing campaign with ambassador Jill Scott MBE to reframe discourse, as Boring Money estimates the UK gender investment gap at £678bn and CityAM reports a targeted support scheme is being prepared for the 2026 ISA season, with stamp duty cuts on UK stocks described as a rumour.