The ‘Meghan effect’ and ‘Markle Sparkle’ are well-known phrases when it comes to fashion, with clothes, jewellery, bags and shoes all immediate hits as soon as she steps out in public.
However, it is not just luxury brands which are of interest to the soon-to-be princess, with sustainability and wellness also high on her list.
But what sort of investments might Meghan Markle be inclined to hold in her own investment portfolio, given the well-known brands and ethical concerns she is passionate about, and which other investors might also benefit from looking at, due to the ‘Meghan effect’.
Ethical and sustainable funds
Ms Markle is known for opposing fur and leather and is actively helping to stop the global skins trade. Her fondness for cruelty-free 'pants' caused a massive rise in online searches for ‘vegan leather trousers’.
Many people want their money and investments to fit with their personal ethical views. However, investors often look at ethical funds with some degree of scepticism, wondering whether the selection constraints will limit performance.
Funds in the sector can have positive or negative screening, ruling out unethical options or only choosing stocks that have a positive impact - through advances in education, healthcare, technology and beyond. There are some funds that are managing to be great investor options, while offering a feel-good factor.
Luxury brands
Although Ms Markle has been seen wearing jumpers from Marks and Spencer, she is typically associated with luxury and designer brands. There are funds that tap into this trend, alongside the option of buying the underlying brands themselves.
Fitness
Although Prince Harry and Meghan are members of elite gyms, there is a growing trend for fitness options without the typical ties.
Tapping into developing trends allows investors to get into the market at an early level, which often delivers the greatest returns. The organic food market has already seen big companies get on board, such as Amazon buying Whole Foods to be part of that growing market.
Emerging markets wanting luxury goods, increased fitness and wellbeing awareness providing investment potential, and improving people’s quality of life with ethical and sustainable options, are all ways in which the world is moving – with or without the ‘Meghan effect’.
Moira O'Neill is head of personal finance at interactive investor