Global Women’s Equity Fund set to launch

Canada’s first-ever Global Women’s Equity Fund is getting set to launch.

The fund is being offered by Global Women’s Equity Corporation, and it will invest primarily in stocks of companies that promote gender equality in the workplace.

Among other requirements, the fund will consider businesses that have hired a significant amount of female directors and female executive officers.

It’ll also consider companies that enhance portfolio diversification to ensure maximize portfolio return. However, these types of companies can only account for a maximum of 20% of the fund’s holdings. Read more about the fund.

Alexis Klein, chief marketing officer of the Global Women Equity Corp, told Financial Post the fund will likely appeal to socially responsibility investors who want to promote diversity and their values.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.