Over the last few decades, women have made great gains in education and business. In fact, the National Center for Education Statistics shows women now earn 60% of all undergraduate and graduate degrees, and 46% of all MBAs.
When it comes to investing, however, women remain vastly underrepresented. According to a 2015 study by Morningstar, women manage only 8.69% of open-ended stock funds.
On the other hand, female investors tend to consistently outperform. According to the University of California, Berkeley, study, “Boys will be boys: gender, overconfidence and common stock investment” by Brad M. Barber and Terrance Odean published in 2001 — the first of its kind to look at gender and investing — women outperformed their male counterparts by 2.3% over a seven-year period.