Congratulations Kate Howitt!
For the second year in a row, Kate Howitt has been named in Citywire’s list of the top 30 female fund managers in the world, ranking 11th out of 1,762 female active managers and scoring 286 points.
Kate has been managing the Fidelity Australian Opportunities Fund since 2012. She is the only Australian-based fund manager in Citywire’s top 30, with Citywire’s report “Alpha Female Report 2020” showing that just seven percent of funds domiciled in Australia are run by women.
To develop the report, Citywire analyses the individual monthly ratings of every manager in its database, across all asset classes. Every month a manager carried a AAA-rating was worth six points, while an AA rating was worth 5, and A rating 4, and a + rating 3. These scores were added up over the five years to identify which female fund managers stood out across the world.
Kate said that it is a great honour to be recognised at a global level, particularly as the only Australian on the list.
“Fund management is a challenging and absorbing profession that plays an increasingly important role in contributing to the retirement outcomes of Australians and the efficient allocation of capital in the economy. In the current economic uncertainty, this is more crucial than ever."
Fidelity International supports Future IM/Pact, an industry initiative aimed at attracting more diverse talent into the investment teams of fund managers and super funds in Australia.
“Currently, only 11 percent of the asset management teams in the Citywire database are being led by women. It frustrates me that we don’t have more female portfolio managers because it means women are missing out on such a great job - and clients are missing out on more diverse perspectives.”
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