Daily Mail

Fe­male stock pick­ers do bet­ter than men

- Business · Finance · Investing · Goldman Sachs Group · United Kingdom · Amazon · Aberdeenshire · Lesley Duncan

FE­MALE fund man­agers have out­per­formed their male col­leagues so far this year, according to re­search. The in­vest­ment in­dus­try has had a roller­coaster ride since the start of the pan­demic, try­ing to cope with volatile mar­kets and spot the next big trends. But Gold­man Sachs found that women have done best. The av­er­age fe­male-man­aged fund has lagged its bench­mark by 0.6pc this year – while the av­er­age fund with no wo­man as a man­ager un­der­per­formed by 1.6pc. The in­vest­ment bank told clients: ‘ Fe­male- man­aged funds with­stood many of the mar­ket swings.’ A num­ber of se­nior women in UK fi­nan­cial ser­vices made their name in fund man­age­ment, in­clud­ing Dame helena Mor­ris­sey, Ni­chola pease and Ni­cola hor­lick. Cur­rently the likes of Aberdeen Stan­dard’s Les­ley Dun­can, and the her­ald In­vest­ment Trust’s Katie potts, are at the top of their game.

The edge which women have was still ev­i­dent when Gold­man ad­justed for the risk­i­ness of dif­fer­ent funds.

part of their stronger per­for­mance was due to the types of stocks which the fe­male-man­aged funds tend to hold.

They have a greater ex­po­sure to the tech sec­tor, which has been boom­ing as in­vestors have piled in to take ad­van­tage of the ex­pected growth of com­pa­nies like Ama­zon and Ap­ple.

Male-man­aged funds, on the other hand, pre­fer in­vest­ing in fi­nan­cial com­pa­nies.

De­spite the bet­ter per­for­mance which women have achieved, there are still few fe­male fund man­agers around.

Gold­man said that out of the 496 large­cap funds it has an­a­lysed re­cently, 14 have an all-fe­male fund man­ager team, and 380 have an all-male team.

And even though they tend to per­form bet­ter, the fe­male-man­aged funds have seen in­vestors pull more money out since the start of the year than their male-man­aged coun­ter­parts.

 ??  ?? Big name: Dame Helena Mor­ris­sey
Big name: Dame Helena Mor­ris­sey

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