Diversity beginning to influence portfolio allocation decisions - think tank

'Accelerate this pace of change'

Diversity is beginning to influence fund manager selection as asset owners increasingly focus on the area in their due diligence processes, research from think tank New Financial has found.

In the report Diversity from an Investor's Perspective, the firm researched 100 asset owners globally with combined AUM of $8trn, while also conducting 40 interviews with a wide range of investment market participants. It found diversity is becoming increasingly a priority for corporates with 74% mentioning diversity in their annual reports.  'Restart' scheme launches to help more women return to the investment industry In addition, asset owners are focusing on improving diversity both internally, through their investment functions and trustee boards, and externally, by including d...