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.
Sick of the identity politics which is seeping into the financial services industry.
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.
They are too busy doing marketing and communications and event management.