As the investable assets of nonprofit entities, endowments comprise an important segment of institutional investment capital. A growing focus on how these assets can successfully invest in environmental, social, and governance (ESG) strategies has shed new light on the potential for gender lens investing by endowments.[Read more…] about The Rise of Endowments in Gender Lens Investing
The third quarter was an eventful one for gender lens investing as well as women in leadership (WIL) in the financial sector and elsewhere.
Gender lens equity funds turned in modest positive returns, a trajectory in line with the broader market. This suite of mutual funds and exchange-traded funds (ETFs), which developed in response to evidence that companies with higher WIL metric generate superior financial and stock price performance, includes 23 primary gender lens equity funds that are available to individual investors. Of these, nine are global and 14 are regional.[Read more…] about Q3 2020 Overview – Gender Lens Funds: Ups and Downs for Women in the Workforce
Widespread gender pay inequality remains a component of the global gender gap. In the movement for gender pay equity, mandates on pay gap reporting are driving progress in some countries, while in the US, progress has come largely thanks to shareholder engagement.[Read more…] about The Role of Shareholder Engagement in Achieving Pay Equity
Against the ongoing challenges of global inequality, gender lens investing is growing and positioned to expand beyond WIL into additional areas where metrics around the benefits of gender equity are slowly emerging. This includes supplier diversity and inclusion, which describes an organization’s commitment to maintain a diverse pool of women and other underrepresented business owners in the procurement process.[Read more…] about Why Should Investors Seek Diverse Supply Chains?
As we move through the second half of 2020, growth in corporate women-in-leadership (WIL) remains slow and uneven. The number of women CEOs in the Fortune 500 companies reached a new high of 37 this year, but that is still only 7.4% of the total. After the FTSE 350 companies briefly registered no all-male boards, two companies slipped back into all-male board status earlier this year.
Nonetheless, gender lens equity and fixed income investing continues to grow, founded on consistent evidence of superior financial performance by companies with stronger WIL levels. In an expanded coverage list, the 23 primary gender lens equity funds available to individual investors include nine global equity funds and 14 regional equity offerings. See second-quarter performance here.[Read more…] about Q2 2020 Overview – Can Gender Lens Funds Help Move the Dial on Pay Equality?
Amid the unfolding global pandemic and economic downturn, equities plunged during the first quarter. The S&P 500 Index returned -19.6% and the MSCI World Index posted three-month returns of -21.05%, as developed and emerging markets indexes were all down steeply.
Among gender lens indexes, the MSCI World Women’s Leadership Index declined 25.63%, and the MSCI USA Women’s Leadership Index fell 24.96%. The Solactive Equileap Global Gender Equality 100 Leadership Index returned -23.90%. The Bloomberg Gender Equality Index, which announced a 2020 expansion from 230 to 325 companies in 42 countries, posted a decline of over 30%.
How did gender lens funds fare in the first quarter?[Read more…] about Q1 2020 Overview – Gender Lens Equity Funds: The First Major Test