Diversity is beginning to influence fund manager selection as asset owners increasingly focus on the area in their due diligence processes, research from think tank New Financial has found.
In the report Diversity from an Investor's Perspective, the firm researched 100 asset owners globally with combined AUM of $8trn, while also conducting 40 interviews with a wide range of investment market participants. It found diversity is becoming increasingly a priority for corporates with 74% mentioning diversity in their annual reports. Gender pay gap is a 'legacy' issue, say advisers In addition, asset owners are focusing on improving diversity both internally, through their investment functions and trustee boards, and externally, by including diversity criteria in manager se...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
