Finance literature has been studying the gender gap and the roles of women in business and finance. Focusing on mutual fund management, this study revisits the idea by investigating the impact of gender-specific investing styles on the level of volatility involved with the funds. The initial hypothesis is that the performance of funds managed by females is less volatile compared to funds managed by males. If we have statistical evidence to show this hypothesis is valid, gender diversification should be encouraged in asset management. The empirical results show evidence that the participation of women in fund management lowers the ten year volatility of an equity fund by 0.9 on average, compared to funds managed by individual male or all-male team.
Nguyen, Thao Thanh, "The Case for Women in Financial Services" (2015). Undergraduate Research Awards. Paper 24.