Download “Fund Managers by Gender – Through the Performance Lens”

Morningstar began formally studying fund managers by gender in 2015 after observing anecdotally that women are underrepresented in the fund industry. For this paper, we looked at fund managers' performance by gender to see if the results help explain why there are so few fund managers who are women.

Why we believe the low participation rate of women isn’t justified by a lack of performance

What we found when we looked at the performance track records of men and women

How the rate of women entering the fund industry hasn't kept pace with the industry's growth

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