This is the first of a new series of interviews with inspiring women in finance, a new initiative we (Elisabetta Basilico and Tommi Johnsen) launched in January 2018 in collaboration with Alpha Architect. But why create a Women in Finance Interview Series? Simple: there aren’t many women in finance and we want to inspire more women to participate in this exciting (and often rewarding) field. Some quick statistics: Women represent less than 20% of investment professionals in the U.S. (Stumpp, 2013), less than 10% of mutual fund managers in the U.S. (Lutton and Davis, 2015), 16.4% of the CFA Institute membership in the U.S., and 18.4% of the global CFA membership as of June 2016 (Adams, Barber, and Odean, 2016). When you segment further and look at the number of women in quantitative finance…well, let’s say you can probably count the number of famous female quantitative finance PhDs on one hand…but, we can begin to close the gender gap. Our first step is to showcase the profiles of some amazing women in finance in order to highlight their experience, what drives them, how they dealt with difficult times, and some advice for future female leaders. Today, we start with Dr. Linda Zhang, Founder and CEO of Purview Investments. Dr. Zhang, who many of you may already know if you are in the advisory/ETF business, is a trained financial economist, and an expert in asset allocation and ESG investing. After studying Finance at the University of Regina in Canada, she completed a PhD in Finance at the University of Massachusetts at Amherst. Purview Investments specializes in actively managed ETF solutions and ETF innovation research.
What Contributed to Linda’s Success?We asked Linda to tell us the things that contributed most to her success. She conveyed three basic themes that characterized her professional career:
- Theme #1: SHE INVESTED IN HER EDUCATION.
- Theme #2: SHE THRIVED AT DATA AND ANALYSIS.
- Theme #3: SHE EMBRACED INNOVATIONS AND CHANGE.