Mackenzie Investments has launched an ETF focused on global companies that promote gender diversity and women’s leadership. The Mackenzie Global Leadership Impact ETF began trading Monday on the Neo Exchange.

In choosing investments, the fund’s managers consider whether there’s proportional representation of women on boards of directors and in leadership positions in the companies, including as CEOs and CFOs.

The ETF is sub-advised by PAX Ellevate Management LLC.

Also read:

How to analyze board diversity

Quotas needed to get women on boards: AFFQ

Institutional investors want women on boards: study

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