Female financial manager Duringthe past 15 years, actively managed fixed-income funds run by womenoutperformed the average returns of their respective sectorcategory by 0.35 percent annually. (Photo: Shutterstock)

(Bloomberg) –Fixed-income mutual funds run by women haveoutperformed funds run by men since 2003, so you'd think the numberof female managers would be rising.

But the opposite is true: Only 14 U.S. debt funds were managedexclusively by women as of September 2017, compared with 47 in2004, according to Morningstar Inc. And the share of womenoverseeing bond or equity assets has stalled at about one in 10since 2015.

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