Research summary

Telltale signs of higher returns? Gender mix could be one

June 28, 2022

Looking beyond named portfolio managers
How performance varied by gender mix
Gender composition of investment teams
Of teams studied, 57% were all-male, 2% were all-female, and 41% were mixed gender.
Mixed-gender teams outperform
The research finds annualized performance about 12 basis points below the benchmark for all-male teams, 6 basis points below the benchmark for all-female teams, and 10 basis points above the benchmark for mixed-gender teams. If most of a team’s members are graduates of Ivy League universities, the research finds performance remains 12 basis points below the benchmark for all-male teams, increases to 13 points above the benchmark for all-female teams, and jumps to 104 basis points above the benchmark for mixed-gender teams.
Findings underscore potential opportunities

Contributor

Stephen Lawrence
Vanguard Insights

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