AXA readies public equities fund to tap gender-diversity “dividend”

We reported in Feb. 21 on the global growth market in women’s equality.

Now comes AXA Investment Managers with the AXA World Funds Mix IN Perspectives fund, which will invest in companies committed to gender diversity at all levels.

As of last June, 15 public-market equity and debt solutions explicitly deployed a gender lens, according to Veris Wealth Partners.

The biggest is the Gender Diversity Index ETF (SHE) from State Street Global Advisors, which was seeded with $250 million from CalSTRS, the California teachers retirement fund.

The “diversity dividend” is real. According to McKinsey, “Companies in the top quartile for gender or racial and ethnic diversity are more likely to have financial returns above their national industry medians.”

Photo credit: thestreet.com

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