Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Where Are the Female Portfolio Managers? Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, June 2, 2015

Where Are the Female Portfolio Managers?

News summary by MFWire's editors

The vast majority of mutual fund PMs are men, and the ratio is more skewed than in professions like law and medicine.

Laura Lutton, Morningstar's director of manager research for equity strategies in North America, reports that, according to the mutual fund ratings giant's data, 9.4 percent (699) of the roughly 7,700 U.S. open-end mutual fund PMs are women. 2.5 percent of all the funds, and 1.9 percent of total fund assets under management, are PMed solely by women; that compares to 77.9 percent of funds (and 74.0 percent of AUM) PMed solely by men, and 19.6 percent of funds (and 24.1 percent of AUM) PMed by mixed-gender teams. By comparison, M* notes, women represent more than 25 percent of financial advisors, 37 percent of doctors, 33 percent of lawyers, and 63 percent of accountants and auditors.

The report offers a host of data points about men and women as PMs, including: a ranking of the top 20 mutual fund companies (Dodge & Cox had the highest ratio, 25.0 percent, of female PMs; Lord Abbett had the lowest, 3.5 percent); and performance data on equity, fixed-income, allocation, and alternative funds PMed by women only, men only, and by teams that include both women and men. The upshot, Morningstar found, is that "women's returns are similar to men's even though women tend to manage pricier funds in niche areas," yet "mixed-gender teams provided the best results." 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use