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There's a not-so-secret way one exchange-traded fund is handily outperforming the S&P 500 this year: Put the money on women.
The Hypatia Women CEO ETF (WCEO) was up 21% year to date as of market close Friday, compared with under 14% for the S&P 500. The fund's methodology is to invest in big public companies led by women, and that has clearly paid off, at least in its relatively short history. The fund recently reached two milestones: It just cleared $10 million in ****** ets; and it now has a three-year track record. "We're now actually getting many independent advisors interested in this thematic, which as far as we know is the only financial product in the world that targets the performance of female CEOs," said Patricia Lizarraga, managing partner of Hypatia Capital.
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READ ALSO: Leveraged ETF Craze Turns Its Sights to Other Funds and Janus Henderson's JAAA Just Topped $30B. What's Next For CLOs?
#hypatia
There's a not-so-secret way one exchange-traded fund is handily outperforming the S&P 500 this year: Put the money on women.
The Hypatia Women CEO ETF (WCEO) was up 21% year to date as of market close Friday, compared with under 14% for the S&P 500. The fund's methodology is to invest in big public companies led by women, and that has clearly paid off, at least in its relatively short history. The fund recently reached two milestones: It just cleared $10 million in ****** ets; and it now has a three-year track record. "We're now actually getting many independent advisors interested in this thematic, which as far as we know is the only financial product in the world that targets the performance of female CEOs," said Patricia Lizarraga, managing partner of Hypatia Capital.
Sign up for The Daily Upside at no cost for premium ****** ysis on all your favorite stocks.
READ ALSO: Leveraged ETF Craze Turns Its Sights to Other Funds and Janus Henderson's JAAA Just Topped $30B. What's Next For CLOs?
#hypatia
