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Private Equity

New Etf Focuses On Women's Empowerment

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Impact Shares expanded its lineup of exchange-traded funds aimed at specific nonprofit causes with Monday’s launch of the Impact Shares YWCA Women's Empowerment ETF (WOMN). The product from Impact Shares, an investment management firm that links nonprofits and ETFs, is a collaboration involving Morningstar, index provider Equileap and YWCA USA. The fund tracks the Morningstar Women’s Empowerment Index, which selects roughly 200 companies from the Morningstar US Large-Mid Cap Index that score highest based on 19 gender equality criteria used to identify firms with strong policies and practices in support of women’s empowerment and gender equality.

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