Pax Ellevate Global Women’s Index Fund Invest in Women

Why Investing in Women Matters Winter 2017 Newsletter

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News and Ideas

The Pax Ellevate team
Pax Ellevate's  Joe Keefe, CEO and Sallie Krawcheck, Chair

If 2016 taught us anything, it's that when it comes to advancing women we still have a lot of work to do – and that work is more important than ever.

At Pax Ellevate, we believe 2017 will be the year of "financial feminism" – a year when we channel our collective financial power to make a positive impact for women and girls.

So, how will you take action in 2017? Consider joining the Women's March on January 21 (our team members will be in NY, Boston and D.C.!), or making a commitment to invest more in women (contact Kathleen McQuiggan to request a Pax Ellevate Global Women's Index Fund brochure).

What Matters

Own It: The Power of Women at Work

Our Chair Sallie Krawcheck has written a career playbook for the new era of feminism, offering women a new set of rules for professional success: one that plays to their strengths and builds on the power they already have.

[ Order book ]

Another 170 years for women to reach parity in the workforce? Really?

The World Economic Forum’s Gender Gap Report quantifies the magnitude of gender disparities and tracks their progress over time, with a specific focus on the relative gaps between women and men across four key areas: health, education, economy and politics.

[ Download PDF ]

ESG Research Shows Benefits of Gender Diversity on Boards

MSCI points to a growing body of research showing that having three women on a corporate board represents a "tipping point" in terms of influence, which is reflected in financial performance.

[ Read more ]

Gender Diversity is an Imperative for the Financial Services Industry

In the "When Women Thrive, Financial Services Perspective" report, Mercer examines the current representation of women at all levels in financial services and explains how greater gender diversity can help organizations.

[ Read more ]

Gender Lens Investing: Uncovering Opportunities for Growth, Returns, and Impact

Kudos to our friend Jackie VanderBrug on the new book she co-authored that delves into gender lens investing and the reality of the female economy.

[ Order book ]

Pax Global Women's Leadership Index Reconstitution

Congratulations to the 400+ companies included in this year’s Pax Global Women’s Leadership Index, following the Index’s annual reconstitution. They are, in our view, the best companies in the world when it comes to embracing gender diversity and advancing women in the workplace.

[ Read more ]

Company Spotlight: Unilever

Unilever is a consumer goods company with more than 400 brands focused on health and wellbeing. The company’s portfolio ranges from nutritionally balanced foods to personal care and everyday household care products.

  • Women comprise 43 percent of the company’s board of directors and 23 percent of its leadership executives.
  • In 2015, women comprised 45 percent of the company's management, up from 38 percent in 2010. Unilever looks at candidate pools with an equal gender split for the majority of its job openings.
  • The company has a Global Diversity Board that sets its global strategy and is chaired by CEO, Paul Polman, and Chief HR Officer Leena Nair, and comprises 11 other senior executives.
  • Unilever is a signatory to the Women’s Empowerment Principles – a set of Principles for businesses offering guidance on how to empower women in the workplace, marketplace and community.
  • Unilever has implemented various programs in support of women’s development, including mentoring and networking initiatives, flexible working arrangements, and maternity and paternity support for parents.

As of 11/30/16 Unilever was 0.7% of the Pax Ellevate Global Women's Index Fund. Holdings are subject to change.

RISKS: Investment in mutual funds involves risk, including possible loss of principal invested. You could lose money on your investment in the Fund or the Fund could underperform because of the following risks: the market prices of stocks held by the Fund may fall; individual investments of the Fund may not perform as expected; the Fund’s portfolio management practices may not achieve the desired result. The Fund does not take defensive positions in declining markets. Accordingly, the Fund’s performance would likely be adversely affected by a decline in the Index. Investments in emerging markets and non-US Securities are generally less liquid and less efficient than investments in developed markets and are subject to additional risks, such as risks of adverse governmental regulation, intervention and political developments. As this Fund can have a high concentration in some issuers the Fund can be adversely impacted by changes affecting issuers. There is no guarantee that the objective will be met and diversification does not eliminate risk.