Key highlights of the research report include:
- Countries with large financial centers have lower proportions of women fund managers than many smaller markets based on data from Morningstar's global database. In France, Hong Kong, Israel, Singapore, and Spain, at least 20 percent of fund managers are women. Singapore is the global leader among 56 countries with women representing 30 percent of total fund managers and 29 percent of Chartered Financial Analyst® (CFA) charterholders. Large financial centers, such as Brazil, India, Germany, and the United States, are behind the global average of 12.9 percent women fund managers. In India, only 7 percent of fund managers are women.
- In some asset classes, women fund managers are more credentialed than men. A woman fund manager is approximately 7 percent and 4 percent more likely than a male peer to have her CFA designation among equity and fixed-income funds, respectively.
- Women have better odds of running funds in areas of industry growth such as passive, funds of funds, and team-managed funds; women are 19 percent more likely to manage on a team than men. In addition, it appears difficult for women to achieve management roles in more-established parts of the fund industry, including actively managed funds and solo-managed funds. In fact, women are 36 percent less likely to manage an active equity fund than men.
- The industry's largest equity firms are more likely to name women as fund managers than smaller firms. Among funds at one of the top 10 largest firms by global equity assets under management, there are 83 percent higher odds that a woman would be named a fund manager.
The research report is available here and an article about the findings on managers by geography is available here. Morningstar will host a webinar to discuss the report's findings at 1 p.m. CT on Dec. 6, 2016; to attend, please register here. Morningstar published a research report in 2015 that found women were underrepresented in the U.S. fund industry compared with other professions, which is available here.
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on nearly 540,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on approximately 18.5 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $200 billion in assets under advisement and management as of Sept. 30, 2016. The company has operations in 27 countries.
©2016 Morningstar, Inc. All rights reserved.
Nadine Youssef, +1 312 696-6601 or firstname.lastname@example.org
Logo - http://photos.prnewswire.com/prnh/20160301/339380LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/morningstar-research-finds-women-fund-managers-continue-to-be-underrepresented-globally-pockets-of-relative-strength-lie-in-passive-funds-funds-of-funds-300368908.html
SOURCE Morningstar, Inc.