Women Are Winning in Bond Funds. Why Aren’t There More of Them?

Percentage of women portfolio managers has stalled since 2015
Women still see ‘Wolf of Wall Street’ culture in the industry

Bloomberg’s Vince Cignarella discusses the gender gap in fixed income. He speaks with Alix Steel and David Westin.(Source: Bloomberg)

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By Liz Capo McCormick

April 13, 2018 at 9:00 AM UTC

Updated on

April 13, 2018 at 12:25 PM UTC

This article is for subscribers only.

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.