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The examine matched daily trade by male and female individual investors in Nokia and 27 other major Finnish stocks and found that there was a acquire to female buyers of €194.17 million ($276.60 million) over the time interval, representing a continuous compounded charge of return of 21.44% per annum, rising to 43.16% per annum just for the primary stock, Nokia. There, every trader is required to have an identity and inventory holdings and trade records are public data, leading to what could also be the best knowledge-trading set in the world. The research backs up a 2001 examine from the University of California known as Boys will probably be boys: gender, overconfidence and customary stock investment, which showed that ladies traders outperformed male investors by around one proportion level a 12 months, but this underperformance was due fully to too much buying and selling by males when buying and selling costs have been high and not due to better funding choices by females. Women particular person buyers additionally outperformed domestic and international institutional buyers with an much more substantial gain of €1,654.24 million.

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