Globally, some 10.3 percent of portfolio managers are women. In the U.S. that figure falls to 9 percent
It's hardly a surprise that the asset management industry has a gender problem.
Even so, some might be taken aback by the actual scale of the issue. Of the 16,084 portfolio managers tracked by Citywire around the world, just 1,662 — or 10.3 percent — are women. In the United States that figure falls to 9 percent. (Citywire is a financial publishing and information group that tracks the performance of fund managers.)
There are multiple social and structural reasons for this but, crucially, no evidence that women underperform men when it comes to running money. In an effort to highlight the best female portfolio managers in the United States, Citywire tracked those with the highest levels of risk-adjusted returns over the past three years.
Additionally, to make the cut, the portfolio manager also had to have top-quartile absolute returns in her particular investment disciplines over that three-year period — be that large-cap U.S. equities or multisector bonds, right through to emerging markets.
You may be wondering who portfolio managers are, exactly, and what they do each day. A portfolio manager is responsible for investing a mutual fund, exchange-traded fund or closed-end fund's assets, implementing its investment strategy and managing day-to-day portfolio trading. To be sure, a portfolio manager is one of the most important factors to consider when looking at fund investing.
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