IMPACT Newsletter – November 2020

We can’t quite believe that it is December tomorrow!

Next week we are joining Ninety One in educating female school students about the Investment Management Industry; Natalie will be running a workshop on interview skills and cover letter writing.

We are also looking forward to finding out who the winners are in this year’s Women in Investment Awards; it has been lovely reading all the finalist interviews put together by Investment Week and seeing lots of familiar faces from within this network.

Below is a roundup of the top articles from November.

 

Remote working a silver lining for gender gap in finance world, may help narrow the divide

This year’s shift toward more flexible working during the coronavirus outbreak may in the long run help narrow the gender gap in the financial services industry, a rare silver lining from a pandemic that’s disproportionately damaged the job prospects of women.

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Women in Finance Must Ask for Promotion, Unlike Men: Survey

Far fewer women than men are promoted in the finance industry unless they first ask for seniority, a sign of institutional gender bias, according to a new study in Australia.

The survey of 2,000 finance industry professionals showed 76% of men were offered a promotion at least once without requesting it, compared with 57% of women.

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Almost half Goldman Sachs’ new partners are women or minorities

Women and ethnic minorities make up almost half of the new crop of Goldman Sachs partners, lessening the dominance of white men at one of Wall Street’s most exclusive clubs in a year when admissions fell to their lowest level in decades.

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Gender lens funds are growing – but female progress remains challenging

The third quarter of 2020 was an eventful one for gender lens investing – investing for financial return while also considering the benefits to women – as well as for women in leadership (WIL).

Gender lens equity funds globally turned in modest positive returns, a trajectory in line with the broader market. This suite of mutual funds and exchange-traded funds (ETFs), which developed in response to evidence that companies with a higher WIL metric generate superior financial and share-price performance, includes 23 primary gender lens equity funds that are available to individual investors (of these, nine are global and 14 are regional).

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3 of the Most Powerful Positions in Finance Will Be Held by Women in 2021

Janet Yellen could become the next United States Treasury Secretary, following her nomination by President-elect Joe Biden on Monday.

This would make her the first woman to hold this role and could be yet another milestone met when it comes to increasing the number of women in decision-making positions.

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