Over time, women have made significant progress in cracking and collapsing various glass ceilings. One of the final remaining glass ceilings is in the world of investment, including in the U.S.
According to recently released Morningstar report, worldwide, four out of five investment funds operate without any female managers. Gender parity has not improved meaningfully since 2008 and in some nations, including America, the situation has deteriorated.
In the U.S., fewer than 10 percent of fund managers were women at the end of 2015, down from more than 11 percent prior to the financial crisis. By comparison, women comprise 36 percent of attorneys and 33 percent of physicians. Among the nations studied, Singapore and Portugal have some of the highest percentages of female investment fund managers at 30 percent and 28 percent, respectively.
Other nations with a high share of female fund managers include Hong Kong, Spain, France and Israel. India and Poland are at the other end of the spectrum and the U.S. does not rank much higher. The study is based on a study of more than 26,000 mutual funds in 56 nations.
