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Fidelity Launches Fidelity Women’s Leadership Fund: (FWOMX)

FYI: Fidelity Investments®, one of the industry’s most diversified financial services organizations with more than $7.4 trillion in client assets1, today announced the launch of Fidelity Women’s Leadership Fund (FWOMX). The actively managed mutual fund is available with both retail and advisor share classes, with no investment minimums.
Regards,
Ted
https://www.businesswire.com/news/home/20190508005124/en/Fidelity-Investments®-Launches-Fidelity-Women’s-Leadership-Fund

Comments

  • Seems a bit gimmicky. While I am sure the very worst companies are headed by men its not clear that women CEO s are better (You decide about IBM)

  • Definitly gimmicky -- a TON of companies will fall under the fund's first screening critera. (note the 'or' at the end).

    A woman as a member of the senior management team, or;
    One-third women on its board of directors, or;
    Specific gender diversity initiatives for hiring, retention and promotion of women.


  • Wish I could short it.
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