According to a new study by Morningstar Research, women still can’t get a toehold into the top jobs of global finance. Only one in 5 mutual funds around the world has a woman manager - a figure that has stayed the same since 2008. The numbers are worse in the U.S., where only 10% of fund managers are women. The data includes more than 26,000 mutual funds in 56 countries.

In order to earn top spots, women fund managers often have more credentials than their male peers, although objective measures, such as the Chartered Financial Analyst (CFA) designation, help women overcome employers’ implicit stereotypes about gender and analytical ability,” Morningstar noted.

Bank of America alum Sallie Krawcheck, an early glass ceiling breaker who has been working to erase the woman gap in the corner office, helped launch the Pax World Global Women’s Equality Fund, which invests in companies that promote women’s leadership.

“Sometimes, I think we believe the advancement of feminism is inevitable and inexorable, but as we’ve seen recently  forget what your politics are — it can be two steps forward, three steps back, one step forward, two steps back,” Krawcheck said at a conference in New Jersey