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Goldman Sachs’s ‘Womenomics’ Stocks Outperform

  • Gender pay gap in Europe’s major nations smaller than in U.S.
  • Goldman’s basket of European stocks includes LVMH, Nestle
RF office woman

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Companies with a higher presence of female executives have historically rewarded their equity investors with better performance, said Goldman Sachs Group Inc. strategists as they unveiled a basket of European firms that employ an elevated number of women.

“Over more or less any period since the global financial crisis, having more women in senior positions as managers or on the board is associated with company outperformance relative to the sector,” the strategists led by Sharon Bell wrote in a note on Tuesday. They added that this doesn’t apply to all industries and that academic research isn’t yet conclusive on this trend.