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Commentary

The Percentage of U.S. Female Fund Managers Is Exactly Where It Was in 2000

Where the industry has and hasn’t made progress on gender representation.

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ARK Innovation ETF (ARKK) has sent shock waves through the fund industry, returning 152.5% and receiving inflows of $9.6 billion in 2020 alone (2021 has not been as kind thus far, but that is another story). The strategy aims to find undervalued plays and targets stocks that will benefit from disruptive innovation, an area traditionally difficult to value. ARK CEO and CIO Catherine Wood brings over 40 years of industry experience to the table but is still in the vast minority of fund managers--a woman.

Wood and her firm appear twice on the list of the 10 largest female-run funds by total net assets, which is shown below. Also appearing multiple times is Gemma Wright-Casparius, who manages Vanguard Intermediate-Term Treasury (VFITX), a top performer in the intermediate government category.

Amrutha Alladi does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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