ETF issuers have introduced a number of strategies that cover socially responsible investment themes in recent years as a way to help investors diversify and align their portfolios with personal beliefs.
One of the most successful funds from that group is the SPDR Gender Diversity Index ETF (NYSEArca: SHE).
“We wanted to make a difference,” Jill Mavro, Senior Managing Director for State Street Global Advisors, said at the Charles Schwab Impact Conference. “We wanted people to stand up and take note that we were wanting to make a change in terms of board equality on the largest companies in the U.S.”
SHE seeks to track the performance of the SSGA Gender Diversity Index, which comprises of U.S. large capitalization companies with the highest levels within their sectors of gender diversity on their boards of directors and in their senior leadership.