Mackenzie pulls for women with new ETF

The new fund screens for firms that promote gender diversity and women in leadership

Mackenzie pulls for women with new ETF
Mackenzie Investments has launched a new leadership impact ETF that enables Canadian investors to impact social and governance change, focusing on promoting the benefits of women in leadership.

Sub-advised by women-focused impact-investment firm PAX Ellevate Management, the Mackenzie Global Leadership Impact ETF (MWMN) has been listed on the NEO Exchange. Its portfolio managers screen for companies that have proportional representation of women in boards of directors and in leadership positions, such as CEO and CFO roles, anywhere in the world.

The new ETF would help address an anticipated increase in demand for responsible investments. Based on surveys of investors and advisors conducted by Environics, 91% of Canadian investors expect to increase or maintain their reliance on socially responsible investments (SRI) over the next two to three years.

“Mackenzie Investments is committed to delivering products that drive positive social, environmental and governance impact,” said Michael Cooke, senior vice president and head of Exchange Traded Funds at Mackenzie Investments. “The Mackenzie Global Leadership Impact ETF provides investors with a progressive product, promoting the benefits of gender diversity.”

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