A Trillion-Dollar Question: Why Don’t More Women Run Mutual Funds?
If you stop to consider who runs the thousands of mutual funds in America, you might conjure up an image of offices full of men. Then your brain might auto-correct to include some fund managers who are women.
But how many? Perhaps you’d estimate that about 30 percent to 35 percent of fund managers are female — which is similar to the number of doctors and lawyers who are women, according to the Census Bureau.
In fact, a paltry 9.4 percent of American mutual fund managers are women, according to a 2015 report by Morningstar. That’s lower than in the rest of the world, where one in five fund managers is female on average, according to a follow-up study of 26,340 funds in 56 countries, which Morningstar published in November. The 2015 study did not include exchange-traded funds; the recent one did.
Full Content: New York Times
