Dealflow | January 13, 2018

UBS introduces “gender equity” exchange traded fund

ImpactAlpha
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ImpactAlpha

The Swiss bank is using consulting group Equileap’s index of the 100 companies considered most progressive on gender equality, based on 19 criteria.

According to a report in Wealth Manager, the criteria include gender balance among company leaders, equal pay, and work-life balance.

Lyxcor, QBE and Evolve also use Equileap’s index for gender-based financial products, including QBE’s over-subscribed gender-equality bond. Last month, investment manager Impact Shares partnered with the YWCA to launch an NYSE-listed gender ETF.

The UBS fund, Global Gender Equality Ucits ETF, is listed on the SIX Swiss Exchange.