For women to achieve equality, it will take more than simply the #metoo movement and #womensmarch, Claire Shaw writes of the male-dominated asset management industry in a finews.first essay.
finews.first is a forum for renowned authors specialized on economic and financial topics. The texts are published in both German and English. The publishers of finews.com are responsible for the selection.
#metoo #timesup #womensmarch: in the last year, we have witnessed the greatest revolution towards gender equality since the suffragette movement. The energy and determination of activists around the globe has put women at the top of the agenda, but momentum must crystalise into real change. On International Women's Day, I examine how far the asset management world needs to travel on the road to equality.
The male-dominated investment industry certainly has a long way to go. Recent data showing the dearth of female fund managers in the UK is staggering and depressing in equal measure. According to Citywire's Alpha Female Research only one-in-ten fund managers are women, while seven percent of publicly sold funds in the world, accounting for four percent of assets, are run by women. There is definitely an 'all boys' club that will take years and years to diminish.
«Others have not been as fortunate»
However, I am positive on the future of the industry, having seen clear signs of headway throughout my career and an increasing number of women joining the ranks of investment teams. Progressive thinkers within the industry are acknowledging the benefits of diversity and we will see more females in senior roles in the coming years. In Europe, I have already come across asset allocators specifically requesting female fund managers and teams.
- Page 1 of 2
- Next >>
