Increase the numbers of women and people of color in the U.S. investment industry and the amount of assets they manage. 




33% of assets under management (AUM) managed by gender-diverse and racially-diverse fund management teams by 2033.
More women and people of color at capital allocation tables will lead to economic growth, higher returns, and systemic change.

WTW’s 2020 analysis looked at 400 products across a number of asset classes over several years, including benchmark-relative returns and found “investment teams with diversity, in particular ethnic diversity, tend to generate better excess returns.” and a 2023 WTW analysis found investment teams in the top quartile of gender diversity outperform those in the bottom quartile by 45 basis points per year. 

THE evidence is clear.



 A 2021 Vanguard study of 2,600 US active equity funds found mixed-gender teams outperform the benchmark by 38.9 basis points per year. A 2018 study in Harvard Business Review looked at the diversity of thousands of venture capitalists and found that if VC teams had shared ethnicities, their success rates were lower by 26.4% to 32.2%. 





 Women comprise just 14% of fund managers globally—a number that hasn’t changed in 20 years. People of color comprise just 22% of the investment industry workforce, despite being more than 40% of the US population. Only 1.4% of US-based assets are managed by diverse-owned firms. 


Read The XX Edge and discover the power of diverse investing. This book compiles all the best evidence illustrating why diverse investing teams deliver higher returns while reducing risk. 


Don't just take our word for it 

- Lauren Casteel
president and ceO,
the Women's Foundation of Colorado

"The Women's Foundation of Colorado invests with diverse managers because we see the financial and social benefits. We know diverse investment teams help avoid groupthink and are more likely to invest in diverse communities. We are not alone in our support for diverse managers, and appreciate the work of the Diverse Investing Collective to bring together like-minded investors and to highlight our work more broadly and to call for greater diversity across the investment industry."

- Brent Kessel
Cofounder of Abacus Wealth Partners and Author of It’s Not About the Money

"This clear and compelling book shares robust research and real world examples which demonstrate that greater gender inclusion leads to a larger opportunity set, paving the way for higher returns on one’s capital. Investing is not a zero-sum game: female investment managers, asset owners, and corporate managers can dramatically increase our collective financial results.” 

- Matt Patsky
CFA, CEO, Trillium Asset Management

"I have been working to bring more women and people of color to financial decision-making tables for 30 years. While Trillium has made great progress, the financial services industry has been slow to embrace diversity. Therefore, I fully support the Collective’s 33 x 33 goal and their strategy to have asset owners and allocators call for more diverse teams to manage their money. This is critical to accelerating social change that drives outperformance."

-Elaina Spilove, CIMA, Institutional Consultant, UBS

“During my 35+ years in the investment consulting business, too often I found myself to be the only woman in the room. For this and many other reasons, I became part of the solution and joined the Advisory Board of the Diverse Investing Collective. Their mission and purpose not only provides a clear goal to get more women and people of color into the business but provides solid strategies to see tangible change. The time to do the right thing and move the needle is now.”

-Josh Zinner, CEO, Interfaith center on corporate responsibility

"We know the people who make investment decisions have a lot of influence over whether investments lead to long-term sustainability and healthy systems which benefit not only the entire portfolio but also the well-being of people on the planet. So, who is managing our money matters. The reality is most of those who manage assets look the same, and this can limit creative ideas about how to invest our funds."