Lyxor unveils Europe's first gender equality ETF

TER of 0.35%

Lyxor has teamed up with Equileap, an organisation aiming to accelerate progress towards gender equality in the workplace, and index provider Solactive to launch Europe's first gender equality ETF.

Physically replicating, the Lyxor Global Gender Equality (DR) UCITS ETF will be available on Euronext Paris with a total expense ratio (TER) of 0.35%. Equally-weighted and rebalanced quarterly, the ETF will track 150 companies taken from the 3000-strong Equileap Global Gender Equality index which are "leading the field for gender equality". Companies will have a market cap of at least $2bn and an average daily value traded of more than $5m. It will use Equileap's 19-criteria Gender Scorecard, which is based on the UN Women's Empowerment Principles. Key factors for selection incl...