Female Fund Managers Beat Men at Stock Picks: Goldman
- It’s a departure from past years with no gender differences
- Female managers’ love for tech, Tesla helps their performance
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Female managers remain woefully under-represented in the fund industry, but they’re doing a better job picking stocks than their male counterparts, at least this year.
Among some 500 large-cap U.S. mutual funds, those with at least one-third of manager positions held by women have beaten those with no women by 1 percentage point in 2020, data compiled by Goldman Sachs Group Inc. show. That’s a slight departure from the previous three years, when the gender difference had little impact on fund performance.