The tables below show the quarter-end, aggregated sector and country allocations across the primary publicly traded gender lens equity funds (GLEFs) available to individual investors. Additionally, we provide the latest global country rankings of gender equality by various global organizations.
Gender Equity Lens Funds: AUM-Weighted Sector Allocations
| Ranked by largest to smallest weights as of March 31, 2021 | |||
| Sector | GLEFs 31-Mar-21 | GLEFs 31-Mar-20 | MSCI ACWI 31-Mar-21 |
| Financials | 19.1% | 20.2% | 14.3% |
| Information Technology | 16.7% | 14.7% | 21.3% |
| Consumer Discretionary | 13.2% | 10.8% | 12.8% |
| Health Care | 11.7% | 10.8% | 11.4% |
| Industrials | 9.8% | 7.1% | 10.0% |
| Consumer Staples | 9.6% | 10.6% | 7.0% |
| Communication Services | 6.3% | 5.7% | 9.4% |
| Materials | 5.1% | 4.7% | 5.0% |
| Real Estate | 2.8% | 2.0% | 2.6% |
| Unspecified | 2.4% | 2.6% | 0.0% |
| Utilities | 2.0% | 3.9% | 2.9% |
| Energy | 0.7% | 3.3% | 3.4% |
| Cash | 0.7% | 3.6% | 0.0% |
| Total | 100.0% | 100.0% | 100.0% |
| Sources: Fact sheets, Morningstar | |||
| Source: AUM and sector weightings publicly reported by MSCI and gender lens equity funds listed here. Gender Lens Equity Funds: Key Stats | |||
Gender Lens Equity Funds: AUM-Weighted Country Allocations
The combined asset-weighted diversification by country for all gender lens equity funds, both global and regional, is depicted in the following chart.
| Ranked by largest to smallest weights as of March 31, 2021 | |||||
| Country | All GLEFs 31-Mar-21 | Global GLEFs Only 31-Mar-21 | All GLEFs 31-Mar-20 | Equileap Rank (of 14 total) | WEF Rank (of 156 total) |
| U.S. | 58.3% | 59.2% | 53.3% | 12 | 30 |
| Canada | 7.5% | 3.9% | 15.6% | 11 | 24 |
| France | 6.3% | 7.5% | 4.2% | 1 | 16 |
| U.K. | 5.2% | 6.1% | 7.5% | 4 | 23 |
| Australia | 3.5% | 4.5% | 2.6% | 6 | 50 |
| Japan | 2.5% | 0.6% | 3.8% | 14 | 120 |
| Germany | 2.3% | 1.5% | 1.6% | 7 | 11 |
| Netherlands | 1.7% | 2.0% | 2.0% | 10 | 31 |
| Norway | 1.0% | 1.3% | 1.1% | - | 3 |
| Sweden | 0.9% | 1.1% | 1.1% | 3 | 5 |
| Other | 10.8% | 12.4% | 7.3% | ||
| Total | 100.0% | 100.0% | 100.0% | ||
| Sources: Fact sheets, FT.com and TrackInsight | |||||
| AUM and country weightings publicly reported by gender lens equity funds listed here. Gender Lens Equity Funds: Key Stats | |||||
Leading Global Rankings of Gender Equality
These country allocations can be compared to several leading global rankings of gender equality by country. The results of nine of these ranking systems are shown in the chart below.
| The Economist | Equal Measures 2030 | Equileap | OECD | PwC | UNDP | U.S. News and World Report | World Bank | World Economic Forum | |
| Rank | 2020 | Jun 2019 | 2021 | 2019 | 2021 | 2020 | Mar 2020 | 2021 | Mar 2021 |
| 1 | Sweden | Denmark | France | Switzerland | France | Switzerland | Denmark | Belgium [tie for 1st] | Iceland |
| 2 | Iceland | Finland | Spain | Denmark | Spain | Denmark | Sweden | Canada [tie for 1st] | Finland |
| 3 | Finland | Sweden | Sweden | Sweden | Sweden | Sweden | Netherlands | Denmark [tie for 1st] | Norway |
| 4 | Norway | Norway | United Kingdom | France | United Kingdom | Belgium [tie for 4th] | Norway | France [tie for 1st] | New Zealand |
| 5 | France | Netherlands | Italy | Portugal | Italy | Netherlands [tie for 4th] | Canada | Iceland [tie for 1st] | Sweden |
| 6 | Denmark | Slovenia | Australia | Belgium | Australia | Norway | Finland | Ireland [tie for 1st] | Nambia |
| 7 | Portugal | Germany | Germany | Austria | Germany | Finland | Switzerland | Latvia [tie for 1st] | Rwanda |
| 8 | Belgium | Canada | Switzerland | Slovenia | Switzerland | France | New Zealand | Luxembourg [tie for 1st] | Lithuania |
| 9 | New Zealand | Ireland | Singapore | Italy | Singapore | Iceland | Australia | Portugal [tie for 1st] | Ireland |
| 10 | Poland | Australia | Netherlands | Estonia | Netherlands | Slovenia | Austria | Sweden [tie for 1st] | Switzerland |
| Sources: Economist, Equal Measures 2030, Equileap, OECD, PwC, UNDP, U.S. News and World Report, and World Economic Forum. Details below. | |||||||||
The Economist’s Glass Ceiling Index is an assessment of the environment for working women across 29 countries. The index considers ten measures of gender gaps in education, government and the workplace.
Equal Measures 2030’s SDG Gender Index provides an quantitative indicator to governments to gauge well their laws and policies advance women’s rights and measure progress toward the UN Sustainable Development Goals (SDG) on gender equality.
Equileap’s Gender Equality Global Report & Ranking is based on evaluations of individual companies across 19 gender equality criteria. A country score is the average of all scored companies domiciled there. Countries are ranked according to level of gender balance and promotion opportunities. The 23 countries included in the dataset have 50 or more scored companies.
The Organization of Economic Development’s (OECD) Social Institution and Gender Index utilizes 27 variables to measure the level of discrimination and restrictions experienced in a country due to gender.
PwC’s Women in Work Index scores countries on relative labor force participation rate and unemployment rate as well as gender pay gap and female board representation.
The United Nations Development Programme’s Gender Inequality Index measures gender gaps in three areas of human development namely reproductive health, educational and political empowerment and labor market participation.
The U.S. News and World Report’s Best Countries for Women list is a perception-based system derived from the survey responses of women on questions related to human rights, gender equality, income equality, progress and safety.
The World Bank Women, Business and the Law Index seeks to measure economic empowerment for women in 190 economies by analyzing the laws and regulations across 8 areas that impact women throughout their working lives.
The World Economic Forum’s Global Gender Gap Index are culled from surveys and statistics from leading multinational organizations, indicate important progress in education, health, and economic participation.
Contact us to request a PDF version of this page
The above publicly available content is for informational purposes only and does not constitute investment advice.