The report sampled a database of more than 25,000 fund managers worldwide.

Female fund managers are more likely to succeed outside of the US where only 10 per cent of funds are managed by women, a stark contrast to Singapore, where 30 per cent of funds are managed by women, according to a report published by Morningstar.

The Fund Managers by Gender report draws on Morningstar's global database of 26,340 fund managers spanning 56 countries to examine the differences between men and women in the fund management industry.

It comes as no surprise that the findings of the report, as a whole, indicated that women are severely under-represented worldwide when it comes to fund management, as this has been a deep-set industry trend for many years now.

The report revealed that around one in five funds has at least one female manager, a figure that has failed to improve since the global financial crisis of 2008.

The US was among the five lowest-ranking countries regarding the percentage of female fund managers, weighing in at 10 per cent. Singapore topped the charts at 30 per cent, followed closely by Portugal, Spain and Hong Kong, which scored 28, 26 and 26 per cent respectively. Sitting at the bottom of the table were Poland, India and Brazil; in all three countries a mere 7 per cent of fund managers are female. 

Perhaps surprisingly, statistics showed that countries with large financial centres have lower proportions of female fund managers than many smaller markets.

Women have better odds of running funds in areas of industry growth, such as passive, funds-of-funds and team-managed funds, according to the report. Likewise, it appears to be more difficult for females to win management positions in more established sectors of the fund industry, such as actively managed funds and solo-managed funds.