Only 14% of financial funds in Taiwan are managed by women
TAIPEI, Taiwan — Only 14 percent of financial funds in Taiwan are managed by women, according to a new report looking at gender equality in the financial sector.
▲圖／翻攝自中國郵報
The figure is around average globally, below the best performers like Spain (22 percent) and Singapore (19 percent) and above Brazil and India (each with 3 percent).
However, as the Alpha Female 2017 report by Citywire points out, "whichever way you cut the data, women are hugely under-represented in front line fund management."
Of the 25,227 funds tracked by the group, only 3,691 are run by a woman, a team of women or a mixed team of men and women, with the rest run by men or all-men teams.
In Singapore and Hong Kong, "women make up one in five fund managers … nearly double the global average," the report says.
The United States came in at 9 percent, as did Ireland.
"But just 1% of US fund managers are women either in sole charge of a fund or working with a team of other women managers, in charge of just 2% of the country's fund assets."
The report came a month after the Directorate General of Budget, Accounting and Statistics said that women in Taiwan earned 14.5 percent less than men.
Women received an average hourly wage of NT$253, whereas men received NT$296 for the same work, the Central News Agency quoted the DGBAS as saying.
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