Investing with equalpay in mind may be more difficult than you think
Women earn just about 80 cents for every dollar that men make, and that difference can add up big over time.
The universe of funds operating in this area is relatively small. New research from Morningstar identifies a total of 15 equity mutual funds and exchange traded funds that it categorizes as gender and diversity sustainable investments. The three funds Morningstar reviewed include Glenmede Women in Leadership U.S. Equity Portfolio, Pax Ellevate Global Women's Leadership Fund and SPDR SSGA Gender Diversity ETF.But when it comes to pay equity disclosure resolutions, for example, their support was not unanimous. The Glenmede fund voted for these resolutions eight times, while the Pax Ellevate fund affirmed its support 12 times.
Just because an issue like gender pay equity comes up as a proxy vote does not necessarily mean it will be successful.
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