Diversity Best Practices in the Asset Management Industry

In February 2021, we conducted a global survey to review the DEI (Diversity Equity and Inclusion) rules and best practices in the asset management industry. Here are the key findings.

Sara Silano 12 March, 2021 | 1:56AM
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Woman in Boardroom

Women are dramatically outnumbered in all areas of finance, but especially in the field of investment management. According to Morningstar data, when it comes to gender diversity, the global fund industry looks much like it did 20 years ago.

At the end of 2000, 14% of fund managers were women. And at the end of 2019, 14% of fund managers were women. In 2016, CFA Institute, a global association of investment professionals, conducted a survey that showed that men dominate the investment management industry worldwide. Across the Americas, Europe, Middle East, Africa and the Asia-Pacific geographic areas, women in each country represent less than 50% of all CFA members. Asia has the highest percentage, while Latin America has the lowest. In the US, the percentage is slightly above 18%.

The gender gap is a chasm in the fund industry. The cause is likely a complicated combination of structural barriers and implicit biases. But it has nothing to do with ability, as demonstrated in a Morningstar study in 2018 showing that the gender of fund managers doesn’t affect investment performance.

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About Author

Sara Silano

Sara Silano  è caporedattore di Morningstar in Italia

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