The Evidence Based Investor
Why Women Handle Market Corrections Better Than Men
By Robin Powell
Plenty of progress has been made over recent decades on sexual equality in the workplace, but there is one sector of the economy that stands out as the last great bastion of male domination. It’s the investing industry.
Recent studies show that only a tiny fraction of mutual funds and hedge funds are managed by women. Fewer than a quarter of Certified Financial Planners in the US are female, and in most other countries the proportion is even smaller. Evidence also shows that although men and women tend to share financial decisions generally, investing decisions specifically are made overwhelmingly by men.