Barclays launches new product for investing in women-led companies
Barclays[1] is launching a new product that provides investors exposure to companies led by women. The Barclays Women in Leadership Exchange Traded Notes will begin trading on the stock exchange July 10.
The ETNs, which track the Barclays Women in Leadership Total Return Index, allow investors to see which US companies have gender-diverse executive leadership and governance.
The WIL index will include companies with a female CEO or a board of directors that is at least 25 percent female.
“Women are significantly underrepresented in corporate executive leadership, yet a growing body of third-party research suggests that gender-diverse leadership may correlate with relatively stronger corporate performance, as compared to companies with less gender-diverse leadership,” Barbara Byrne[2], Barclays vice chairman in investment banking, said in a statement.
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References
- ^ Barclays (www.bizjournals.com)
- ^ Barbara Byrne (feeds.bizjournals.com)
- ^ sign up for our free email newsletter. (www.bizjournals.com)