RBC’s Global Asset Management group, which manages more than $400 billion in assets, has developed an ETF comprised of Canadian companies that have boards with at least 30% female representation and/or strong female director and executive-level representation.
The RBC Vision Women’s Leadership MSCI Canada Index ETF will trade on the Toronto-based NEO Exchange. Top holdings include financial and energy companies, The Globe and Mail reports.
Several other gender-focused ETFs are available in Canada. RBC’s is the first to invest exclusively in Canadian companies.