May 17, 2018

First UK investment fund to boost gender diversity launches

The first fund aimed at encouraging gender diversity among UK companies has been launched by Legal and General Investment Management. The investment fund will favour shares in firms that have the best record on gender diversity. Only one of the UK's biggest 350 firms achieved full marks for gender diversity in its new index. "LGIM said the fund, called the L&G Future World Gender in Leadership UK Index Fund, was expected to"raise gender diversity standards in companies across the UK equity market, by allocating more to companies that have achieved higher levels of gender diversity. "When we invest in the success of women, we are investing in the success of business. Collectively, we can help achieve gender equality and improve gender diversity in the UK," she added.

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