Nearly two out of every ten top-performing UK fund managers in the retail industry are female, research suggests.
An online fund platform, rplan, studied 50 of the best performing retail funds and found 18% – or nine in total – of them were lead managed by women.
Rplan said female fund managers – who are estimated to make up 9% of the UK total of fund managers – were “over-represented” in the industry’s best performance tables by around two times.
Stuart Dyer, rplan’s chief investment officer, said: “There are plenty of studies that show female fund managers constitute a small minority of retail fund managers in the UK. But our analysis shows that they punch above their weight in the performance stakes.
“We can only speculate as to why this might be the case. It may be that women have to be better to succeed and/or it may be that they naturally have a more prudent approach to managing money. Analysis of our own clients’ behaviour has shown that female investors opt for less risky investments.”
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