Banks with female CEO

DAX
13. February 2017
Germany Portfolio
5. October 2016

Banks with female CEO

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%.

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/%