The Hypatia Women CEO ETF (WCEO) invests in a portfolio of approximately 120 companies with female CEOs, and the holdings are equally weighted with a minimum market capitalization of $500 million. Hypatia Capital tracks SEC filings to monitor CEO changes and whether the new CEO is a woman. As the number of female CEOs is relatively small, the management team does not have to select companies based on other factors, and the ETF is rebalanced monthly.
Hypatia Women CEO ETF (WCEO)
ETF Newz Says:
The fund is industry-neutral, which means that it aims to isolate the “female factor” to assess the impact of gender diversity in leadership on investment performance.