Fixed-income mutual funds run by women have outperformed funds run by men since 2003, so you’d think the number of them would be rising.
But the opposite is true: Only 14 U.S. debt funds were managed exclusively by women as of September 2017, compared with 47 in 2004, according to Morningstar Inc. And the share of women overseeing bond or equity assets has stalled at about one in 10 since 2015.
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