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UBS launched a fund to only deposit in firms which promote gender equality


The trademark of Swiss bank UBS is seen at a bend bureau in Basel, Switzerland Mar 29, 2017.
The
trademark of Swiss bank UBS is seen at a bend bureau in Basel,
Switzerland Mar 29, 2017.

Reuters /
Arnd Wiegmann


  • UBS launched a fund on Monday that invests in firms
    which promote gender equality
  • The Swiss bank will launch an ETF which invests in a
    new index of 100 firms which best promote gender equality
    internationally.
  • Research has related gender farrago to better stock
    returns.

LONDON — UBS launched a fund on Monday that invests in firms
which promote gender equivalence to cash in on a flourishing trend
towards reliable investment.

The Swiss bank will launch a Global Gender Equality
exchange-traded fund (ETF) which invests in the
Solactive Equileap Global Gender Equality 100 Leaders index,
a new index of 100 firms which best promote gender equality
internationally.

The fund launched amid renewed global seductiveness in the gender pay
gap, which stood at 9.4% for full-time employees in the UK in
2016, according to the Office for National Statistics. On 1
January, Iceland became the first country to introduce
legislation requiring employers to infer they offer equal pay
regardless of factors including gender.

On Sunday, BBC
China editor Carrie Gracie quiescent after training her male
peers were earning up to 50% some-more than her.

Research has also related gender farrago to better stock
returns. A new note from UBS Wealth Management analysed
profitability metrics for companies in the FTSE Developed World
Index, and found companies with higher-than-average proportions
of women on the house had aloft earnings than reduction gender-diverse
peers.

The index also marks 18 other farrago criteria, including
equal compensation, work-life balance, clarity and
accountability.

The ETF is a corner partnership between UBS Asset Management and
UBS Wealth Management.

Rachel Whittaker, tolerable investing strategist at UBS Wealth
Management’s arch investment bureau said: “Our research
indicates that gender-diverse companies tend to outperform on
several profitability measures.

“We trust these commentary support approaches to gender lens
investing that take into comment farrago at all levels of the
classification as good as in care positions.”

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