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In Fledgling Exchange-Traded Fund, Striking A Blow For Women

TedTed
in Fund Discussions
FYI: (The Linkster has said many times. "Build It And They Will Come", but I believe this fund will wind-up on Ron Rowland's ETF Death List in about a year and a half.)
State Street Global Advisors will introduce its 159th exchange-traded fund on Tuesday, the SPDR Gender Diversity Index E.T.F. Fortunately, the fund’s ticker symbol is catchier: SHE.

The fund’s goal is to achieve market-rate returns by investing in United States companies that “are leaders in advancing women through gender diversity on their boards of directors and in management.” It will track an index of 125 to 150 stocks that have been culled from the Russell 1000 index and have scored high on a scale of gender metrics.
Regards,
Ted
http://www.nytimes.com/2016/03/05/your-money/in-fledgling-exchange-traded-fund-striking-a-blow-for-women.html?ref=your-money&_r=0

Comments

  • David_Snowball
    The article also notes that this fund (ticker: SHE) is one of a series of investment products concerned with issues of gender equity: WIL (an exchange-traded note), EQLT (an ETF) and PXWEX (a repurposed index fund) among them. Many other SRI funds screen for issues of gender equity in selecting their investments. In general, adding a gender equity screen seems not to dramatically affect performance; that is, you receive neither financial reward nor financial punishment for acting on your convictions by investing in such products.

    As ever,

    David
  • davidrmorandavidrmoran
    may it emulate PRBLX
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