The study by Morningstar found that out of 1,496 UK-listed open-ended funds, around 108 are run by managers named David or Dave, the equivalent to 7.2% of funds, while there are only 105 women overall managing funds. According to Emma Morgan, portfolio manager at Morningstar, “It’s a great shame that the industry is missing out on a whole swathe of talented individuals. The more the industry can do to attract and promote women in fund management, the better outcomes we can achieve for everyone.”
Sadly, the small number of women is not the only issue in the fund industry: another study has claimed the difference between what women and men earn in the investment management sector has also worsened.
Read the full articles on the Morningstar research and the gender pay gap.