- Hypatia Women CEO ETF (WCEO) has surged 4.8% since its launch in January 2023, besting the S&P 500 Index’s 2.4% climb in the same period.
- Fund seeks to invest in companies with a female chief executive officer.
- Research shows that companies with over 25% female executives have had higher return on equity for the following year in nine of the past 10 years.
- Largest existing ETF with similar mandate, SPDR MSCI USA Gender Diversity Index ETF (SHE), has gained about 3% so far this year.
- Hypatia hopes to raise more capital for its ETF, currently at $1.6 million in AUM.
Fund of Women-Run Firms Is Beating the S&P 500 Since Launching
A new exchange-traded fund is making the case that having women at the top of corporations translates into better returns.
