Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Lyxor launches ETF investing in gender equality champions

Lyxor launches ETF investing in gender equality champions

Lyxor Asset Management has launched an exchange-traded fund (ETF) focused on companies championing workplace gender equality.

Equileap, an organisation set up to accelerate progress towards gender equality in the workplace, and index provider Solactive developed the index the ETF will track.

Based on Equileap’s own global database, the Equileap Global Gender Equality Index covers over 3,000 companies in 23 developed market countries.

Each company has a market capitalisation of at least $2 billion (£1.5 billion) and an average daily traded turnover of at least $5 million.

This broad bracket is then narrowed down to 150 companies using Equileap’s Gender Scorecard, a 19 criteria methodology inspired by the UN Women's Empowerment Principles of gender balance, equal compensation, work-life balance, policies promoting gender equality, transparency and accountability.

The firm claims the strategy has outperformed the MSCI World Index by 10.7% over the last six years.

Clarisse Djabbari, deputy head of Lyxor ETFs & indexing, said: ‘This ETF marks an important step in our progress towards a complete range of environmental, social and governance based investment products.’

Diana van Maasdijk, chief executive at Equileap, added: ‘Building our database, and ranking over 3000 companies on 19 criteria, was a first step, towards transparency – you can’t change what you can’t see.

'Having investment vehicles tied to our indices is a second step, towards change – a tool not only helping responsible investors but also encouraging companies to make a difference.’

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Liontrust ESG head says sustainable investment doesn't mean low return

Liontrust ESG head says sustainable investment doesn't mean low return

Peter Michaelis talks about ethical investment growth and where he sees future opportunites.

Play Are platforms the biggest barrier to wealth manager ETF take-up?

Are platforms the biggest barrier to wealth manager ETF take-up?

Citywire hosted a roundtable discussion to find out how and if wealth managers are using ETFs in their clients' portfolios and the challenges they face trading through different platforms.

Play SVM's Veitch on what's next for banks

SVM's Veitch on what's next for banks

SVM fund manager Neil Veitch is finding value in what he describes as unstable financials and talks through his favourite small caps.

Read More
Your Business: Cover Star Club

Profile: Affinity’s Julia Warrander on the importance of diversity

1 Comment Profile: Affinity’s Julia Warrander on the importance of diversity

'Sometimes there are 10, sometimes 20 people around a table and, more often than not, I’m the only woman,' says the Affinity Wealth co-chief investment officer

Wealth Manager on Twitter