Industry News: ESG

Asset Management Industry Severely Lacking Diversity, New Knight Foundation Study Finds; Signals Untapped Opportunity for Investors

Written by ESG | 13-Dec-2021 4:44:25 PM

2021-12-07

Cision: The John S. and James L. Knight Foundation released a new study today measuring diversity in the U.S.-based financial industry revealing that only 1.4 percent of assets are entrusted by investors to asset management firms owned by women and/or people of color, despite diverse-owned firms' investment performance matching those of their less-diverse peers.

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