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Portfolio > Portfolio Construction > Investment Strategies

Black and Hispanic Investors Want an Active Role in Portfolio Building: J.P. Morgan

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Some 60% of Black and Hispanic Americans in a new survey said they wanted to take an active role in selecting the stocks, bonds or funds that make up their investment portfolio, compared with 46% of their white counterparts, J.P. Morgan Wealth Management reported Monday.

“Investing is part heart and part science,” Kristin Lemkau, chief executive of J.P. Morgan Wealth Management, said in a statement. “It’s important to know what matters most to a client as we empower them to invest, help grow their wealth and keep them on track to reach their goals.”

The online survey was conducted in English and Spanish from April 26 to May 9 among 2,014  adults in the U.S. aged 25 to 64 with investable assets, including oversamples for both Black and Hispanic respondents.

Hispanic and Black participants identified these factors as important in selecting companies they invest in:

  • Owned, started and/or operated by Black, Indigenous and people of color: Black and Hispanic Americans, 70% and 46% vs. 31% and 27% of Asian and white Americans.
  • Have a positive social impact: 72% vs. 57% and 55%. 
  • Owned, started and/or operated by women: 60% and 48% vs. 40% and 30%. 
  • Promote gender and racial equity and diversity: 66% and 54% vs. 42% and 35%. 

The survey also found that overall, 88% of respondents said they are concerned about inflation and rising interest rates, but most investors are not worried about a market decline. 

Sixty-nine percent said they would not be bothered by a 20% dip in their portfolio. Fifty-eight percent reported that they automate their investments on a regular basis.

Fifty-nine percent of women in the survey said their financial situation today is better than it was five years ago, compared with 62% of men. Forty-five percent of female respondents described their investing strategy as cautious, compared with 33% of their male counterparts.

Twenty-three percent of women reported that they have created a will, versus 17% of men.


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