Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

Women make up only 27% of investment teams

FSC/gender/women/investment/Women-in-Business/

22 November 2022
| By James Mitchell |
image
image image
expand image

A survey by the Financial Services Council (FSC) has found that women on average make up only 27% of investment teams.

The 2022 FSC Diversity Survey found improving gender diversity in the funds management industry was a key focus for fund managers.

The FSC surveyed 20 of its global and domestic fund manager members and found that all wanted to improve diversity in investment teams. The majority of those surveyed (95%) were tracking gender diversity statistics within their organisation as well as within their investment management teams.

“The survey found women on average make up 27% of investment teams. While this is a 2% increase from last year’s survey, the investment community recognises there is more work to do,” FSC chief executive, Blake Briggs, said.

“Women are underrepresented in asset management roles and the funds management industry continues to work on this to ensure women consider financial services as a career path.

“Fund managers are connecting with industry initiatives such as F3 – Future Females in Finance and Future IM/Pact to raise awareness of the interesting and rewarding roles a career in investment management offers.”

The survey also found 68% of fund managers had set diversity targets for their business across a range of areas such as having an inclusive environment and using a range of measurements and targets to monitor this.

Meanwhile, 45% of fund managers set formal diversity targets within investment management teams and 78% reported making progress against their target.

The FSC last year launched its FSC Women in Investment Management Charter (WIM Charter), with the purpose of providing members with a practical framework to support greater gender balance in investment management roles.

The WIM Charter introduced accountability and transparency mechanisms to enable organisations to achieve their desired, self-nominated, gender diversity target within their investment management teams.

 

Read more about:

AUTHOR

Submitted by Hedware on Tue, 2022-11-22 10:46

They are too busy doing marketing and communications and event management.

Submitted by All ok on Wed, 2022-11-23 12:19

aww maybe let women choose their careers..aw maybe some value the time spent raising children. no one's trying to lift the numbers in teachers, nursing or psychological, which clearly have social benefits. investing money...who cares really who does it. no one. just virtue signalling.

Submitted by overit on Thu, 2022-12-29 15:15

Sick of the identity politics which is seeping into the financial services industry.

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

4 days 13 hours ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

1 week 4 days ago

So we are now underwriting criminal scams?...

6 months 2 weeks ago

After last month’s surprise hold, the Reserve Bank of Australia has announced its latest interest rate decision....

6 days 9 hours ago

Libby Roy has been appointed as an independent non-executive director on the board of AZ NGA....

3 weeks 6 days ago

A professional year supervisor has been banned for five years after advice provided by his provisional relevant provider was deemed to be inappropriate, the first time th...

2 weeks 5 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
74.26 3 y p.a(%)
3