I doubt very much that there can be few more male-dominated industries than finance. It is even more extreme in the select club of portfolio management. To that point, of the 15,000 portfolio managers whom Citywire tracks globally, just 1,512 — or 10 percent — are women.
These portfolio managers are the individuals entrusted with managing large portions of your 401(k) plans. They seek to preserve your capital while making stock decisions that will grow your retirement savings for the time when you need to buy an annuity that will provide income for the rest of your life. As such, the quality of the job they do is paramount to setting you up to live a comfortable, and hopefully long, existence in your twilight years.
Despite the imbalance in the number of female portfolio managers, we've unearthed no statistical differences in women's ability to make good, or bad, decisions with your money. Women exhibit the same ability to outperform their chosen market as men, which is the raison d'etre of anyone who manages money for a living. Proportionally, women also manage just as much money as their male counterparts.