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Additionally, Morningstar uses a quantitative process designed to determine optimal weights for securities to maximize exposure of those with higher rankings based on women’s empowerment practices.
“The WOMN ETF puts the power to empower women in everyone’s hands. It allows us to leverage the capital markets to further our 160-year mission to eliminate racism and empower women. The entire YWCA network, made up of more than 200 local associations, is excited about this innovative product that provides the investor the opportunity to generate both financial and social returns, and helps fuel the future of our work,” Alejandra Y. Castillo, CEO of YWCA USA, said in a note.
For more information on new fund products, visit our new ETFs category.