The BNY Mellon Women's Opportunities ETF joins a small but growing group of funds that focus on opportunities for women in the workplace.
Investing in women's empowerment and opportunities is something portfolio managers Julianne McHugh and Miki Behr have talked about doing for years. Now that idea has become a reality. BNY Mellon Women's Opportunities ETF , the exchange-traded fund they manage, launched Wednesday, trading under the ticker BKWO. It joins a small but growing group of funds that focus on opportunities for women in the workplace.
For instance, S & P 500 companies with at least 25% female executives have a higher subsequent one-year return on equity than the rest of those in the index, according to Bank of America. The same goes for those that have more than one-third of women on the board.
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