Women fund managers beat men at stock picks, Goldman finds
September 8, 2020 by Lu Wang
Women fund managers remain woefully underrepresented in the fund industry, but they’re doing a better job picking stocks than their male counterparts, at least this year.
Among some 500 large-cap U.S. mutual funds, those with at least one-third of manager positions held by women have beaten those with no women by 1 percentage point in 2020, data compiled by Goldman Sachs show. That’s a slight departure from the previous three years, when the gender difference had little impact on fund performance.