RBC Global Asset Management launched the RBC Vision Women’s Leadership MSCI Canada Index ETF (ticker: RLDR) on Thursday.

The ETF, which began trading on the Aequitas NEO Exchange, aims to replicate the performance of the MSCI Canada IMI Women’s Leadership Select Index. That index focuses on companies domiciled in Canada that are committed to having women on their boards and in executive leadership positions.

Companies should have one of the following: at least 30% female directors; at least three female directors; or two female directors and one woman in a current executive leadership role.

The percentage of female directors must be greater than the average percentage of female directors on the board of all companies in the MSCI Canada IMI Index.

The company also must not have faced severe structural controversies or severe ongoing diversity-related controversies.

The ETF has a management fee of 0.25%.

OMERS is the lead investor of RLDR with a $100 million investment.

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Originally published on Advisor.ca
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