"US Funds, Female Manager Teams Have Less Loss Than 'All-Male' Teams"

Female-Led Team Fund Returns -0.57% vs. Benchmark... Male Team -1.64%

[Image source=Reuters Yonhap News]

[Asia Economy Reporter Jeong Hyunjin] Goldman Sachs analyzed that portfolio management teams composed entirely of female managers in the U.S. fund market showed higher returns compared to teams composed entirely of male managers.

On the 6th (local time), according to major foreign media, Goldman Sachs announced that this result came from analyzing 496 U.S. equity funds worth $2.3 trillion in celebration of the 100th anniversary of women's suffrage in the United States. Among the total 496 funds, 14 were managed by teams composed solely of female managers, 49 were managed by teams with one-third female managers, and 380 were managed by teams composed entirely of male managers.

Goldman Sachs compared and analyzed portfolio management teams with at least one-third female members and teams composed entirely of males. As a result, until now, the funds managed by female-centered teams showed a return of minus (-) 57 basis points (1bp=0.01 percentage points) compared to the benchmark, while teams composed entirely of male managers showed a return of -164 basis points.

David Kostin, Goldman Sachs' Chief U.S. Equity Strategist, evaluated, "Even with risk adjustments amid market fluctuations caused by COVID-19, funds managed by female teams performed better than those managed by all-male teams." Kostin analyzed that differences in the weighting of IT and financial sectors appeared to have caused this performance gap.

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