In recent months, we have seen a tremendous amount of action in support of diversity and inclusion (D&I) in Canada’s investment industry. Just in October, for instance, Institutional investors managing over $2.3 trillion in assets have signed the Canadian Investor Statement on Diversity & Inclusion and Canada’s investment industry is preparing for its inaugural Diversity & Inclusion Week.
Despite these major industry developments and others, many investment professionals support D&I on a personal level, but some don’t yet recognize its importance from an investment perspective. In his latest column for Investment Executive, RIA CEO Dustyn Lanz shares 4 concrete reasons why D&I is important for investment management.
1. D + I = more talent
2. Diversity boosts innovation & resilience
3. Diverse & inclusive firms tend to outperform financially
4. Investors want D&I in their portfolios