Presented by Henry Cisneros - PowerPoint PPT Presentation

1 / 57
About This Presentation
Title:

Presented by Henry Cisneros

Description:

... 19,589 3,207 44,735 55,156 207,145 324,926 2020 E 10,243 2,476 34,658 35,306 194,553 281,422 2000 8,788 1,931 31,598 26,936 193,566 262,820 1995 Asian ... – PowerPoint PPT presentation

Number of Views:139
Avg rating:3.0/5.0
Slides: 58
Provided by: calpersC
Category:

less

Transcript and Presenter's Notes

Title: Presented by Henry Cisneros


1
EXPANDING INVESTMENT OPPORTUNITIES THROUGH
DIVERSITY
Presented by Henry Cisneros CalPERS and CalSTRS
Conference San Jose, California April 25, 2006
2
21st Century Themes
  • Life at Hyperspeed
  • Interconnected by Computers and Multi-media Tools
  • Biotechnology Marvels
  • Aging of Traditional Population
  • Globalization

3
Fundamental Demographic Shifts
4
Population Distribution
Year Total White / Non-Latino Latino African American American Indian Asian-American
1995 262,820 193,566 26,936 31,598 1,931 8,788
2000 281,422 194,553 35,306 34,658 2,476 10,243
2020 E 324,926 207,145 55,156 44,735 3,207 19,589
2050 E 403,686 212,990 98,228 59,239 4,405 37,589
Source U.S. 2000 Census U.S. Census Bureau
Population Division, Population Projections of
the U.S., Total Population by Race, Hispanic
Origin, Nativity
5
African-Americans
  • 34.65 million
  • 1990-2000 16 growth

6
Growing Influence on U.S. Culture
  • Fashion Trends
  • Language and Culture
  • Music
  • Religion Philosophy
  • Sports

7
Profound Influence on U.S. Culture
National Icons
Oprah Winfrey
Bill Cosby
Shaquille ONeil
Cultural Pacesetters
Denzel Washington
Toni Morrison
Halle Berry
8
Profound Influence on U.S. Culture
Athletic Heroes
Tiger Woods
Tim Duncan
Michael Vick
Ken Griffey
Classical Grace
Wynton Marsalis
James Earl Jones
Leontyne Price
Jessye Norman
9
Profound Influence on U.S. Culture
Moral Philosophy
e
Cornel West
Public Leadership
Jesse Jackson
Colin Powell
Condoleezza Rice
Barack Obama
10
Asian-Americans
  • 10.2 million
  • 1990-2000 41 growth
  • Highest Median Household Income

11
Growing Influence on U.S. Culture
  • Cuisine
  • Architecture
  • Design Aesthetics
  • Pacific Rim Commerce
  • Literature, Religion and Philosophy
  • Fashion

12
Growing Influence on U.S. Culture
Arts and Literature
I.M. Pei
Maya Lin
Amy Tan
Deepak Chopra
Entertainment and Fashion
Yo Yo Ma
Vera Wang
Bruce Lee
Jackie Chan
13
Growing Influence on U.S. Culture
Media and Business
Connie Chung
Ann Curry
Charles Wang
Sports
Michelle Kwan
Michael Chang
Kristi Yamaguchi
14
Hispanic-Americans
  • 35.3 million
  • 1990-2000 58 growth

Source April 1998, Standard Poors DRI
15
Increasing Influence on U.S. Culture
Music
Movies
16
Increasing on U.S. Culture Influence
Sports
Arantxa Sanchez-Vicario
Alex Rodriguez
Sergio Garcia
Oscar de la Hoya
Literature
Gabriel Garcia Marquez
Isabel Allende
Sandra Cisneros
Carlos Fuentes
17
Increasing Influence on U.S. Culture
Fashion
Paloma Picasso
Oscar de la Renta
Carolina Herrera
Public Leadership
Mel Martinez
Ken Salazar
Carlos Gutierrez
18
California Population by Race / Ethnic
Distribution
Source Public Policy Institute of California
19
Population Pyramids for Anglo and Hispanic Ethnic
Groups in Texas, 2000
Anglo
Hispanic
20
Minority Populations Are Young
of population under 20
Source Market Segment Research Population
Report, Middle Series, 1996
21
Minority Households Are Larger
  • Whites Blacks Hispanics
  • Household
  • Size 2.58 2.75 3.54

Source 1998 Current Population Survey
22
Over 249,000 --31-- come from Spanish-speaking
countries
Source U.S. Dept of Justice, Immigration and
Naturalization Service, Annual Report, Jan 99
23
Over 194,000 --24-- come from Asian countries
Source U.S. Dept of Justice, Immigration and
Naturalization Service, Annual Report, Jan 99
24
Source U.S. Dept of Justice, Immigration and
Naturalization Service, Annual Report, Jan 99
25
Source U.S. Dept of Justice, Immigration and
Naturalization Service, Annual Report, Jan 99
26
MythThe Minority Market Is Small and Hence
Is Not a Significant Factor for Business to
Consider.
27
There Is Still a Significant Gap in the Rate of
Home Ownership
Home Ownership Rate
Source Department of Housing and Urban
Development Office of Policy Development
Research, US Housing Market Conditions, 4th
Quarter 2001
28
Projected Owner Occupied Household Growth in
Millions 2000 - 2010
  • African Asian/ Total
  • Total American Hispanic Other Minority
  • 10.9 m. 1.8 m. 2.2 m. 1.0 m. 5.0 m.

Source 1998 Current Population Survey
29
Minorities Account for 41 of All New
Homeownership
Source Department of Housing and Urban
Development
30
Top 10 Surnames of California Homebuyers
  • Garcia Martinez
  • Smith Lee
  • Lopez Johnson
  • Rodriguez Gonzales
  • Hernandez Williams

Source American Demographics, June 1998
31
MythIt Will Be a Long Time Before Minorities
Will Be a Viable Middle Class.
32
Growth of the Middle Class
Total Households
African American Households
Hispanic Households
Asian Households
Middle Class Defined
1989 23,663 - 36,201 1999 33,001 - 52,174
Source U.S. Census Bureau
33
Fact Minority Families Have More Workers Per
Household
Households with Three or More Workers, The
Middle Class - 5 County Area
Source Pepperdine University Institute for
Public Policy The Emerging Latino Middle Class
1997
34
Americas Leadership Institutions Must Recognize
The Importance Of Diversity
35
I. Generate Investment Returns
  • Market Opportunities
  • Minority driven Growth
  • Key Industry Impacts

36
  • Consumer Goods
  • food
  • clothing
  • children needs
  • family staples

37
  • Transportation
  • automotive sector
  • airlines

38
  • Health Care and Personal Services
  • pharmaceuticals
  • medical services
  • senior care

39
  • Housing and Accessories
  • real estate
  • homebuilding
  • rentals
  • furniture
  • household appliances

40
  • Information and Entertainment
  • telecommunications
  • electronic products
  • radio and television broadcasting
  • live entertainment

41
  • Financial Services
  • banking services
  • investment products
  • remittances

42
Major Companies are Deciding as Policy and
Practice That They Will Creatively Address
Diversity
  • It is a Growth Imperative
  • Organizational Attitudes Must Reflect That
    Recognition
  • Practices Procedures Must Support It

43
Companies are Developing Appropriate Products and
Accessible Services
  • Calibrate Products to the Market
  • Refine the Message
  • Locations Community Accessibility

44
Companies are Staffing and Training for Diversity
  • Bilingual Staffing
  • Training and Orientation on Attitudes and
    Procedures
  • Efforts at Cultural Understanding
  • Entrepreneurial Outreach

45
Companies are Communicating With Phases of Life
in Mind
  • Refine and Target the Message
  • Choose the Most Appropriate Communication Mediums
  • Address Language
  • Emphasize Aspirational Content

46
Companies are Investing in Financial Education to
Create Economic Opportunity for the Long Run
  • Educate Minorities About Financial Prerequisites
  • Stress Credit Record Preparation
  • Teach, Persuade, Explain

47
Companies are Addressing the Special Needs of
Immigrants
  • Basic Explanatory Materials
  • Contrast to Systems in Home Countries

48
Companies Recognize that the Time Frame Is
Immediate
  • Performance Objectives
  • Trends are Accelerating

49
II. The Investment Sector Must Prepare the
Infrastructure of the Investment Business
50
  • 1. Direct rigorous analysis of trends,
    industry sectors, and positioning

51
  • Staffing
  • Pipeline from higher education

52
  • 3. Stable of Managers
  • - Experience - based knowledge
  • - Differentiated market penetration
  • - New networks

53
  • 4. Institutional Transactions
  • Support firms

54
  • 5. Industry Alliances
  • - Economic research and documentation
  • - National networks for action

55
III. Build the Next American Consumer Base
  • Financial Education
  • Education and Training
  • - Access to Higher Education
  • Support Public Policies to Expand the Middle
    Class
  • - Job Generation
  • - Incomes
  • - Healthcare
  • Support Asset Accumulation Strategies
  • - Homeownership
  • - Investment initiatives
  • - Entrepreneurship

56

Alternative Long Term Views of the Investment
Sectors Interests
  • Pay Now or Pay Later

57
Invest Now and Build on that Platform Indefinitely
  • - Enhanced Tax Returns
  • - Reduced Costs of Dependence
  • - Expanded Wealth Base
  • - Powered by Breakthrough Industries
  • - Driven by the Human and Economic Capital
    of Emerging Populations
Write a Comment
User Comments (0)
About PowerShow.com