Asset manager LGIM will track the score of 350 UK companies for a new fund focused on promoting improved gender diversity standards.
Asset manager Legal & General Investment Management (LGIM) has underlined the importance of women in the boardroom by launching the first "gender orientated fund" to focus on UK-listed companies.
Dubbed the GIRL Fund, the project is intended to promote improved gender diversity by allocating to companies that score well on levels of gender diversity.
Helena Morrissey, head of personal investing at LGIM said: “Gender inequality is one of the key issues of our time—and one that generates so much frustration.
"Rather than feeling trapped or despondent, let’s do something about it."
She added: "When we invest in the succes
For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda