Title

Do Female Mutual Fund Managers Manage Differently?

Abstract

We examine the performance and investment behavior of female fixed-income mutual fund managers compared with male fixed-income mutual fund managers. We find that male- and female-managed funds do not differ significantly in terms of performance, risk, and other fund characteristics. Our results suggest that differences in investment behavior often attributed to gender may be related to investment knowledge and wealth constraints. Despite the similarities between male and female managers, we find evidence that gender influences the decision making of mutual fund investors. We find that the net asset flows into funds managed by females are lower than for males, especially for the manager's initial year managing the fund.

Publication Date

3-1-2003

Publication Title

Journal of Financial Research

Volume

26

Issue

1

Number of Pages

1-18

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1111/1475-6803.00041

Socpus ID

0142023242 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/0142023242

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