SEATTLE, WA (February 22, 2021) — Parallelle Finance, a research, analysis and advocacy firm focusing on gender lens investing, announces the release of its new report, Gender Lens Investing 2021: Supporting a Women-Focused Recovery.
In the News
Financial Planning (podcast)
4 questions on the scope of gender lens investing, April 7, 2021
In a new episode of the Financial Planning podcast, an expert in gender lens investing explains the growing opportunities in the rapidly expanding asset class.
Angela Atherton, the principal for operations and strategy of independent research firm Parallelle Finance, spoke with FP Senior Editor Tobias Salinger after the company released its “Gender Lens Investing 2021” report. Assets under management among publicly traded gender lens equity funds jumped 40% to $2.67 billion in 2020, according to Parallelle.
Campaign against mandatory arbitration of sexual harassment gets pledges from 391 firms, March 29, 2021
The site also fills in “a big piece” of missing data that’s still undisclosed by many public firms, says Marypat Smucker, the principal for research and content of gender-lens investment research firm Parallelle Finance. Pay gap data and supplier diversity figures would help publicly traded gender lens equity funds add two more screens to their models. The funds had more than $2.67 billion in assets under management at the end of 2020, according to Parallelle.
Crypto, ESG and office returns: Banks show when they would — and would not — rather be first, March 18, 2021
“Jane Fraser is a bright spot, but there’s still a long way to go for banks to have gender diversity at the top and middle levels,” Marypat Smucker, who runs the Seattle-based research firm Parallelle Finance, told the wire service.
Not all heroes wear capes: Championing the Wonder Women at the forefront of the ESG revolution, March 17, 2021
Citigroup Overtakes French Banks With Most Women in Boardroom, March 15, 2021
Financial services has been among the slowest industries to make notable progress when it comes to women in corporate leadership, according to Marypat Smucker, who runs research firm Parallelle Finance.
The Mutual Fund Wire
The U.S. Accounts for 41 Percent of Gender Lens Equity Fund AUM, March 10, 2021
Last month, Parallelle Finance released its Gender Lens Investing 2021 report, subtitled “supporting a women-focused recovery.” The 28-page report offers an overview of where GLI stood at the end of 2020 worldwide.
Investors Need to Look for Gender Diversity Outside C-Suite, March 10, 2021
The Parallelle Finance report shows Microsoft is held by six of the top 10 gender-lens equity funds, with three holding Amazon, two holding Adobe and two holding Alibaba. Facebook, Netflix and Google are also held by these top 10 funds.
Kalkine Media Canada
Women’s Day 2021: 3 ETFs That Back Female Empowerment, March 8, 2021
International Women’s Day, celebrated all over the world on March 8, is set aside to remind us about the diverse achievements of womenkind. A recent study by research and advocacy firm Parallelle Finance even found that publicly-traded gender lens equity funds (GLEFs) saw an assets under management (AUM) growth of around 40 per cent in 2020. With that in mind, today let’s focus on three exchange-traded funds (ETFs) in Canada that focus on gender diversity – BMO Women in Leadership Fund, RBC Vision Women’s Leadership MSCI Canada Index ETF, and Mackenzie Global Leadership Impact ETF.
Female-focused funds grew in 2020, but more needs to be done, March 3, 2021
“AUM in the gender lens equity and fixed income sectors is positioned for 2021 growth,” Parallelle said in the report, noting planned launches that include a US$2.9 billion institutional equity portfolio and an emerging-markets bond fund focused on gender equality in the least developed countries. “Individual investors have a growing number of funds in which to invest in a long-term women-focused recovery from the pandemic and downturn.”
Funds Focused on Gender Gap Tend to Favor Tech Stocks: Report, February 26, 2021
Funds with a gender-lens approach also tend to have higher than average representation of female portfolio managers, Parallelle says. At least 48% of fund managers of gender-lens funds were women according to the report. Meanwhile, women make up only 14% of fund managers globally, the report states, citing Morningstar. Within the U.S., only 11% of fund managers are women, the report notes.
State Street, Fidelity Investments among women-focused fund AuM winners
“With all the attention that has been paid to impact investing in women-owned enterprises in emerging markets, we believe that will lead to some opportunities for the public sector funds to invest,” [Marypat Thenell Smucker] said. Also in developing markets and in the U.S., there’s a growing focus on women founders and increasing venture investment into women-founded companies.”
Gender lens equity funds grow assets to $2.67 bn in 2020 as tech exposure helps
“Directing capital toward companies and sectors characterised by women in low-paying roles is one way that gender lens funds can help drive a women-focused recovery,” Parallelle Finance said.
5 Corporate Gender Diversity Metrics for Gender Lens Investors, October 13, 2020
After years of effort, levels of gender diversity in executive management remain low. In 2019, women held just 5% of CEO positions in the S&P 500 and 21.2% of seats on boards. While women comprised 44.7% of all employees, they encompassed 26.5% of executive-level slots, highlighting the disproportionate representation of women at the top.
Mixed showing for gender lens equity funds during COVID-19 crucible, July 23, 2020
The first three months of the year also saw a decline in reported AUM for the primary gender-lens funds available to individual investors, which are catalogued on the website Parallelle Finance. In aggregate, the AUM for those 18 funds shrank from US$1.47 billion to US$1.35 billion.
Is there a distortion in gender-lens investing?, January 7, 2020
But according to Marypat Smucker of Parallelle Finance, the strategies that focus on WIL may be seriously missing the mark. In a blog post published by the CFA Institute, she noted that gender-lens equity funds available to individual investors in the public space include mutual funds, ETFs, SICAVs, one exchange-traded note, and one unit trust.
Parallelle® Recap (Newsletter)
CFA Institute Enterprising Investor
A Call to Action: Aligning Gender Lens Investing and ESG, March 7, 2021
Gender Lens Funds: Ups and Downs for Women in the Workforce, November 16, 2020
Gender Lens Equity Funds: The First Major Test, July 22, 2020
Gender Lens Investing: Where to from Here?, May 26, 2020
Gender Lens Funds: What Was the Impact in 2019?, April 14, 2020
Gender Lens Investing: A Sector Analysis, December 27,2019
Gender Lens Equity Funds and Women in Leadership: A Report, October 4, 2019
Investing with an LGBTQI Lens, March 11, 2021
Applying a Gender Lens to Affordable Housing, March 4, 2021
The Rise of Gender Lens Investing by Endowments, December 8, 2020
The Role of Shareholder Engagement in Achieving Pay Equity, November 3, 2020
Why Should Investors Focus on Supplier Diversity?, October 15, 2020