During the past 15 years, actively managed fixed-income funds run by women outperformed the average returns of their respective sector category by 0.35 percent annually. (Photo: Shutterstock)
(Bloomberg) –Fixed-income mutual funds run by women have outperformed funds run by men since 2003, so you'd think the number of female managers would be rising.
But the opposite is true: Only 14 U.S. debt funds were managed exclusively by women as of September 2017, compared with 47 in 2004, according to Morningstar Inc. And the share of women overseeing bond or equity assets has stalled at about one in 10 since 2015.
That's partly because it can take years to win a management role; and strong, confident women who entered the business several decades ago weren't always welcomed, say some female fund managers.
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