Mackenzie Investments has announced the launch of a new Exchange Traded Fund that primarily invests in companies that promote gender diversity and women’s leadership, anywhere in the world.
The Mackenzie Global Leadership Impact ETF began trading on the NEO Exchange Dec. 4. It is sub-advised by PAX Ellevate Management LLC. The ETF's portfolio managers assess investments using criteria, such as whether there is proportional representation of women on boards of directors and in leadership positions in the companies, including as CEOs and CFOs.
Promotes benefits of gender diversity
"Mackenzie Investments is committed to delivering products that drive positive social, environmental and governance impact," said Michael Cooke, Senior Vice President and Head of Exchange Traded Funds at Mackenzie Investments. "The Mackenzie Global Leadership Impact ETF provides investors with a progressive product, promoting the benefits of gender diversity."