For women, there’s now an easier way to do that.
There’s a new fund that supports women across the globe by investing in progressive companies that put more women on their boards and in management positions.
The companies chosen will also meet the strict environmental, social and governance standards typical of socially responsible investment funds.
We already know that investing in women-friendly companies can be good business.
Earlier research by the nonprofit research firm and advocate Catalyst Inc. found that firms with more women on their boards achieved better returns on equity, sales and invested capital.
And many investors are now looking for results that go beyond just dollars and cents.
According to Sallie Krawcheck, the former Wall Street executive who ran the Smith Barney and Merrill Lynch brokerage firms, and is now backing the new women’s fund, today’s investors want to do more than just make money.
They also want opportunities to incorporate their values when investing, says Krawcheck.
The new women’s fund could give them an innovative way to do just that.