The Purse
The Purse
Global stocks are now equal to 116% of global GDP, institutional investors continue to buy bitcoin & Pinterest former COO reaches $22.5m settlement in a gender discrimination case
0:00
-2:12

Global stocks are now equal to 116% of global GDP, institutional investors continue to buy bitcoin & Pinterest former COO reaches $22.5m settlement in a gender discrimination case

Welcome to our #50 weekly newsletter in 2020.

Every week we curate key content and apply a female-lens so you can stay informed and inspired about money and investing.

Stay in the know.

Keep on top of global economic, financial and investing news and trends. And read about what this means for you and your money in 2020 during Covid-19 and beyond.

If you’re short on time, listen to the audio for a brief overview.

“For women who are taking control of their financial future”

-Jana Hlistova


From The Purse

Editorial from the Founder


The global stock market continues to go up in value; global stocks are now equal to 116% of global GDP (the highest level since 2007).

The US Federal Reserve has agreed to keep on buying bonds until the economy gets back to full employment (and inflation stays at 2%).

The Bank of England (BOE) has agreed to leave rates at 0.1% and holds asset purchases unchanged at £895bn.

US and European inflation expectations have risen above pre-Covid levels, even though UK inflation fell to 0.3% in November.

Meanwhile Brexit talks remain blocked over fishing rights.

Bitcoin has become investible for institutions with custodian arrangements and the price rose above $24,000 this week.

In the Future Focus section, MSCI says that diversity and inequality metrics will see ‘a lot of scrutiny’ next year as ESG investing grows.

Tesla shares surge to a new high on S&P 500 inclusion (on the 21 December).

In the Have You Seen This section, we highlight ex-COO of Pinterest, Francoise Brougher, who has reached a $22.5m settlement in a gender discrimination case.

And we’re tracking a European early-stage venture capital fund, co-founded by Pia d’Iribarne, which has raised $56m and has already started making investments.

****

I’d like to wish you a safe Christmas and all the very best for 2021!

Thank you being on this journey with us.

And we will be back on the 10th January.

Stay safe, look after yourselves and your loved ones.

Jana


The Big Picture

Global markets and economy news, trends and indicators


  • The global stock market continues to go up in value: global stocks are now equal to 116% of global GDP, the highest level since 2007:


Future Focus

Keeping an eye on key predictions, innovations and what’s going to impact the future



Companies: winners & losers

Companies to watch and share price movements



Your Money

Insights, trends and what this means for you and your purse


  • UK: Pension freedoms have cost too many people their life’s savings

    • The City watchdog’s recent case against a firm of financial advisers highlights a series of problems.

    • Pension freedoms rules brought in during 2015 has meant that people can move their occupational pensions into self-invested personal pensions (SIPPs) and invest in pretty much anything they like.

    • In the current low interest rate environment, it is easy to be tempted into eye-catching alternatives where they may earn 20% returns (however they also risk losing their investment altogether).

    • Read more here.


Have You Seen This?

Female-focused news, reports, research, campaigns


Know this: as women take on more leadership positions and therefore have more clout, they will bump up against informal or tacit gender and cultural ‘codes’. Research shows that women continue to be held to a different standard and are treated differently in the workplace, compared to men. It’s important to seek out employers and colleagues who are forward-thinking and can demonstrate an inclusive, diverse and transparent company culture and leadership.


What We’re Tracking

Female-focused products or services, start-ups and businesses led by women, investment, crowdfunding campaigns and research.



Coffee Break? Read This



We’d love to hear from you. Get in touch with Jana via the The Purse website or tweet @jointhepurse and @janicka.

The Purse Ltd. Copyright 2020 & All Rights Reserved.

Share The Purse