Asset management 'grindingly slow' to improve gender balance as women remain just 13% of fund managers
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Asset management 'grindingly slow' to improve gender balance as women remain just 13% of fund managers
"Out of more than 18,400 money managers worldwide, just 12.9% are women, compared with 12.5% last year and 10.3% in 2016. The absolute value of assets managed by women has tripled over the past ten years to £4 trillion, but this growth reflects a rise in mixed-gender teams, which now manage almost 15% of funds, up from just 6.7% a decade ago."
"Data shows these mixed teams often outperform their peers on risk-adjusted measures. Analysis reveals they delivered the lowest volatility in four of the past five years, supporting the long-held argument that gender-diverse teams bring more balanced risk management. Despite the evidence, nearly 80% of funds are still managed exclusively by men, overseeing £11.7 trillion of assets. By contrast, funds run solely by women or all-female teams oversee just £548 billion."
"The disparity extends to fund size too: the average male-only fund controls £535 million, compared with £362 million for those overseen by women. New launches remain heavily skewed towards men. Just 3% of newly launched funds this year were handed to sole female managers, down from 5% last year, and none to female-only teams."
Women account for 12.9% of the more than 18,400 money managers worldwide, a slight rise from 12.5% last year and 10.3% in 2016. Assets managed by women have tripled over ten years to £4 trillion, driven largely by growth in mixed-gender teams, which now manage almost 15% of funds, up from 6.7% a decade ago. Mixed teams often outperform peers on risk-adjusted measures and delivered the lowest volatility in four of the past five years. Nearly 80% of funds remain male-only, overseeing £11.7 trillion, while female-only teams oversee £548 billion. New fund launches remain heavily skewed to men.
Read at Business Matters
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