The latest in funds and investment across the UK, Europe, Middle East and Africa.

Legal & General Investment Management
Legal & General Investment Management has launched a gender-oriented fund to focus on UK listed companies.

The L&G Future World Gender in Leadership UK Index Fund is expected to raise gender diversity standards in companies across the UK equity market, by allocating more to companies that have achieved higher levels of gender diversity.

The fund aims to empower investors to make a difference to the companies in which they invest and wider society.

It will be available to individual investors through LGIM’s personal investing platform and also to financial advisors.

LGIM will score and rank companies according to four gender diversity measures: women on the board of directors, women executives, women in management, and women in the workforce. 

Companies are expected to reach a minimum of 30 per cent representation of women in these four measures.  These scores are based on LGIM’s own proprietary research. Now that companies have begun to report their gender pay gap data, it will consider incorporating this as a potential fifth measure.