Survey: FSC shows gender diversity a priority at fund managers
/The 2022 Financial Services Council (FSC) Diversity Survey has found that improving gender diversity in the fund management industry is a key focus for fund managers.
The survey of 20 global and domestic fund manager members found that all were keen to improve gender diversity in their investment teams, with 95 per cent tracking numbers within their firms and in investment management teams.
Currently, women only account for 27 per cent of investment teams, which is an increase of two per cent from the previous year. Fund managers are working on strategies to increase females in the industry, with initiatives such as F3 - Future Females in Finance and Future IM/Pact.
Key findings of the survey include:
Diversity targets have been set by 68 per cent of fund managers surveyed
Formal diversity targets have been set by 45 per cent of fund managers for their investment teams, with 78 per cent reporting progress
Focus areas include updating diversity and inclusion policies, developing talent, increasing graduate pools, setting targets, developing and retaining staff, introducing accountability at all levels, and team monitoring progress in gender diversity and target-setting
The FSC recently introduced its FSC Women in Investment Management Charter (WIM Charter) to offer members practical support in creating more diversity in investment management.
