‘Her power’ is rising in China’s fund market with women fund managers handling half of China’s public funds products.
As of Monday there are 781 women fund managers in China’s public fund sector, accounting for more than 26 percent.
Women managers oversee more than 5,000 public fund products accounting for nearly 60 percent of the total number. The total assets under the management of female fund managers reached 13 trillion yuan ($2.05 trillion), accounting for half of the total market scale of 25 trillion yuan.
25 of these women manage a scale more than 100 billion yuan, mainly currency funds. Topping the list is Liu Ying, fund manager of Tianhong Income Box Money Market Fund, with 840 billion yuan under management.
The average annualized return for female fund managers was about 7.61 percent, slightly lower than the 10.38 percent for male peers, according to Wind data.
However, from the perspective of risk control, the annualized volatility of female fund managers is significantly lower regardless of the equity funds or debt funds.
Other positions including shop assistants, salespersons, clerks and e-commerce customer service are the most popular among Chinese women, according to data from employment platform 58.com on Monday.
More than 30 percent of female job seekers in China expect a monthly salary of at least 5,000 yuan this year.
Female workers participate in a tug of war to celebrate the upcoming International Women’s Day at Ganyu District in Lianyungang City, east China’s Jiangsu Province, March 7, 2018. (Xinhua/Si Wei)
