You are here: Home - Investing - Experienced Investor - News -

‘Girl fund’ launches to invest in gender diverse companies

0
Written by: Paloma Kubiak
18/05/2018
Legal & General Investment Management (LGIM) has unveiled a ‘Girl fund’ which will allocate more to companies achieving higher levels of gender diversity.

The L&G Future World Gender in Leadership UK Index fund (Girl fund), claims to be the first gender-orientated fund, and will be available to individual investors through LGIM’s personal investing platform.

It scores and ranks companies (0-100) according to four gender diversity measures, with the minimum representative level at 30% in order to receive a positive score:

  • Women on the board of directors
  • Women executives
  • Women in management
  • Women in the workforce

For those companies with a low score, LGIM will discuss with them how they can improve their gender diversity.

The fund, run by David Barron, head of index equity and smart beta, tracks an LGIM-designed index of around 350 of the UK’s largest companies and aims to deliver returns by tracking the UK equity stock market, managed against the Solactive L&G Gender in Leadership UK Index. The index is ‘tilted’ according to LGIM’s proprietary gender diversity score.

The top runner is The Renewable Infrastructure Group Ltd which scored 100, followed by Merlin Entertainments (93) and N Brown Group PLC (91).

At the bottom end of the scale is Melrose Industries PLC (0), followed by Stobart Group LTD (5), and the following all scored eight points: Fresnillo PLC, Hochschild Mining PLC and Just Group PLC.

Helena Morrissey, head of personal investing at LGIM said: “Gender inequality is one of the key issues of our time – and one that generates so much frustration. Rather than feeling trapped or despondent, let’s do something about it.

“I’m excited about the launch of the Girl Fund, which empowers us all to use our money to help companies to progress. When we invest in the success of women, we are investing in the success of business. Collectively, we can help achieve gender equality and improve gender diversity in the UK.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Seven ways to get help with energy bills this winter

We knew today’s announcement was going to be painful, but it’s still a shock to the system. When this kick...

Flight cancelled or delayed? Your rights explained

With no sign of the problems in UK aviation easing over the peak summer period, many will worry whether holida...

Rail strikes: Your travel and refund rights

Thousands of railway workers will strike across three days this week, grinding much of the transport system to...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week