The AMF unveils its 2026-2028 financial education plan to boost women’s investment
Please note that the French version of this press release was published on 6 May 2026.
At today's meeting of the Financial Education Strategic Committee, attended by Roland Lescure, Minister for the Economy, Finance and Industrial, Energy and Digital Sovereignty, Edouard Geffray, Minister for National Education and François Villeroy de Galhau, Governor of the Banque de France, Marie-Anne Barbat-Layani, Chair of the Autorité des Marchés Financiers, emphasised the AMF's full commitment to tackling the under-representation of women in savings and investment.
The Autorité des Marchés Financiers (AMF) has been analysing investor profiles since 2022 using its granular stock market transaction data. Its studies and surveys show that far fewer women than men invest. In 2023, 21% of women said they were investing in the stock market from a securities account or PEA-securities savings plan (or in crypto-assets or through crowdfunding), compared with 42% of men, according to the AMF's Savings and Investment Barometer. This finding has changed little over the years: in 2025, 24% of women said they were investing in these products, compared with 45% of men. For example, when it came to listed shares, only 8% of women reported owning them in 2025 (compared to 15% of men). Among active investors, i.e. those who have made at least one purchase or sale, the proportion of women has even fallen, from 30% in 2022 to 25% in 2024.
These differences can be explained in part by different financial situations: when surveyed for the AMF Savings and Investment Barometer, on average, women report lower levels of income and financial assets than men. However, studies conducted by or on behalf of the AMF in recent years have highlighted other difficulties. Only 28% of women feel they have a good grasp of savings and investments, compared with 51% of men, even though their actual levels of financial literacy aren't that different. They also show a lower appetite for risk: in 2025, 51% of the women questioned refused to take any risk in terms of investment, compared with 31% of men.
Alongside the targeted financial education initiatives that it has been running since 2023 for young investors – the third edition of this campaign will be launched in October – the AMF will therefore implement a specific ‘women and investment’ action plan. In keeping with its approach of gaining a better understanding in order to act more effectively, in September 2026, the AMF will launch a new qualitative study to identify the possible obstacles and levers to investment by women in more granular detail. The results of this study will be used to define a dedicated financial education strategy to be implemented in 2027. In the shorter term, the AMF will create a section dedicated to women and investment on the Retail Investors section of its website.
Our research shows that the under-representation of women in investment remains a cause for concern, and has hardly changed. Yet this is a major issue for women's financial independence and a loss of earnings for the economy. The AMF is committed to improving financial education through the Financial Education Strategic Committee, and I welcome the adoption of its 2026-2028 plan. The AMF is committed to reducing the under-representation of women in the world of savings and investment.
About the AMF
The AMF is an independent public authority responsible for ensuring that savings invested in financial products are protected and that investors are provided with adequate information. The AMF also supervises the orderly operations of markets. Visit our website: https://www.amf-france.org/en
