It is interesting to have a look at the epicentre of the financial crisis: banks.
European banks with a female CEO (these are Banco Santander, SEB, Sydbank, Bankinter) outperformed the Stoxx Europe 600 Banks by 42% during the five years from 12/2011-12/2016.
While between December 2011 and December 2016 the benchmark advanced by 29% - that corresponds to an annual increase in value of 5,1% - the Investing in Women portfolio of banks with female CEos increased by 71%. That corresponds to an annual increase in value of 11,3%.
European banks with a female CEO (these are Banco Santander, SEB, Sydbank, Bankinter) outperformed the Stoxx Europe 600 Banks by 42% during the five years from 12/2011-12/2016.
While between December 2011 and December 2016 the benchmark advanced by 29% - that corresponds to an annual increase in value of 5,1% - the Investing in Women portfolio of banks with female CEos increased by 71%. That corresponds to an annual increase in value of 11,3%.
Additional annual return: 6,2%! ...at slightly lower volatility!
| Increase in value as of 31.12.2016 |
Increase 5 years |
corresponds to annually |
Increase 3 years |
corresponds to annually |
Increase 1 year |
|---|---|---|---|---|---|
| Stoxx Europe 600 Banks | 29% | 5,1% | -12,3% | -4,3% | -6,8% |
| European banks with female CEO | 71% | 11,3% | 21,3% | 6,6% | 5,1% |
| Additional return | 42% | 6,2/% | 33,6% | 10,9/% | 11,8/% |
