Why do Nordic funds have so few female portfolio managers?

Only 16 percent of fund managers in Sweden are women. The figure is 11 percent in Finland, while just 6 percent of fund managers in Denmark and Norway are female. AMWatch has talked to four Nordic women in finance in search of answers regarding this imbalance and to hear about their career experiences. 

AMWatch has talked to Elena Loven, senior fund manager at Swedbank Robur (top left), Benedikte Waage-Abrahamsen, Senior Client Manager at KLP Asset Management (top right), Ann-Elisabeth Tunli Moe, Head of Mutual Funds at KLP Asset Management (bottom left) and Janna Haahtela, portfolio manager at Fondita (bottom right). | Photo: PR

Mixed-gender portfolio management teams have almost doubled in number over the past six years, but Norway and Denmark are still lagging behind the global average and are on par with India, Brazil and Mexico. In addition, although Sweden leads in the percentage of female fund managers in the Nordics, it clearly lags behind three Mediterranean countries, Citywire's Alpha Female Report 2021 concludes.

According to the report, whilst 16 percent of fund managers in Sweden are women – the highest figure in the Nordic region, and the figure is 11 percent in Finland, in Norway and Denmark, just 6 percent of fund managers are women.

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