More recent research by the John S. and James L. Knight Foundation found that firms owned by minorities and women accounted for just 1% of the $67.1 trillion in assets managed by hedge funds, mutual funds, real estate funds and private equity funds. According to the CFA Institute, only 16% of its charter holders are women.
Morningstar highlights fund families like Dodge & Cox and Franklin Templeton as outpacing the industry’s averages on gender-diverse management. Vanguard, Fidelity and T. Rowe Price each came in below average.
In its most recent study, Morningstar analyzed 13,000 managers and 11,200 funds for gender diversity and performance.