Many in the #MeToo era want to see women gain equal footing in corporate America. Some investments aim to help you do just that.
One fund — SerenityShares' Impact ETF — closed in March, two years after it launched. It had less than $5 million in assets under management.
But other fund managers are still betting that, with the right company selection, their funds can outperform and appeal to investors. The strategy works by building an index using five criteria when evaluating companies: board diversity, diversity of upper management, CEO gender, CFO gender, and endorsement and implementation of the Women's Empowerment Principles of the United Nations.
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