While there are no investment products in Canada that focus exclusively on gender diversity, that doesn’t mean fund companies are turning a blind eye.
Fund families such as NEI Ethical Funds, OceanRock Meritas Funds and IA Clarington Inhance SRI Funds are starting to integrate gender diversity issues into their investment approaches as part of their socially responsible investing (SRI) strategies.
“The SRI fund companies have been successfully involved in engagement on gender diversity issues,” says Deb Abbey, CEO of the Responsible Investment Association. “They have been engaged in dialogue with many of the companies in their portfolios and have been actively voting their proxies in favour of gender diversity on boards.”
Last year, the Ontario Securities Commission implemented a new rule that requires companies to provide more transparency on their policies to add more women to their boards of directors and senior management ranks. Read more here.