Global Gender Forward

Strategy Characteristics:

InceptionMarch 29, 2019
BenchmarkMSCI World
Position Size5% Maximum
Holdings45 to 65
Active Share>90%
Sector+/-5%
Region+/-5%
Top 10 Holdings20%-30%
Market CapMulti (Large & Mid)
Tracking Error3%–5%
Beta~1.0
StyleCore

Portfolio Management

Ivka Kalus

Ivka Kalus - Founder, CIO, Portfolio Manager

Seizing the alpha opportunity in gender-diverse investing.

Studies1 have shown that companies with gender-diverse leadership have above market-average: profitability, value creation, innovation, risk management, employee retention/productivity and ESG scores. This leads to investment opportunities that offer financial returns and social impact to close the gender gap.

1McKinsey, Credit Suisse, BCG, BOA, MSCI Studies 2016-2018

Gender Equality Facts

Gender Diverse Boards Outperform

Gender Diverse Boards Outperform Graph

Investment Strategy

The strategy utilizes a sector and region-neutral risk-controlled framework that seeks to provide long-term capital appreciation and excess returns relative to the MSCI World Index. The strategy combines a quantitative and fundamental investment approach that invests in companies that benefit from gender diverse leadership and advance the participation of women in the boardroom and in executive roles.

Minimum Inclusion Criteria
At least two women on the boardAt least 20% of portfolio companies will have woman CEO, CFO, COO or CTOPortfolio has at least 30% more women on boards, in management and in C-suite than benchmark
Current Portfolio Gender Characteristics
34% of board seats held by women38% of portfolio holdings have women in C-suite27% of top management roles held by women

All data as of June 30, 2019 unless otherwise noted.

Regional Allocation (%)Top Ten Holdings (%)
Regional Allocation Graph
MICROSOFT CORP4.4
YEN ETF4
OMNICOM GROUP3.3
BIOGEN INC3.2
PROCTER & GAMBLE CO3.1
INTL BUSINESS MACHINES CORP2.9
CISCO SYSTEMS INC2.9
HEWLETT PACKARD ENTERPRISE2.8
VERIZON COMMUNICATIONS INC2.8
GLAXOSMITHKLINE PLC2.7
TOTAL32.2
Sector Allocation (%)
Sector Allocation Graph

Investment Process

The fund is managed using Promethos’ risk management investment process of three iterative steps—Rank, Research, Construct—by which the investment universe is constantly monitored for the highest alpha potential, and the portfolio is constructed based on how holdings represent the evolving risk/reward potential of the global investment opportunity. To fully reflect the benefit of gender diversity, our goal is a portfolio that has at least 30% more women at the board level, in senior management, and in the C-suite than the benchmark.

Respect, Diversity, Intellectual Curiosity & Rigor, Objectivity and Humility

Contact Phone

(617) 535-9240

Promethos Capital

BOSTON/NEW YORK/TORONTO