Alternative Investments/ESG: BNY Mellon Launches Gender Equality-Focused ETF

https://dailyalts.com/wp-content/uploads/2023/05/no-revisions-8Xm3NDLsvUA-unsplash.jpg

BNY Mellon Investment Management is an asset management firm with $1.9 trillion in assets under management.

BNY Mellon Investment Management is introducing the BNY Mellon Women’s Opportunities ETF (NASDAQ: BKWO) and the BNY Mellon Innovators ETF.

The Women’s Opportunities ETF focuses on investing in companies that promote gender equality in the workplace or offer products and services that support women’s work and personal responsibilities. It is sub-advised by Newton Investment Management North America. (FEMTECH INSIDER)

BNY Mellon Investment Management has partnered with Girls Inc., a non-profit organization, as part of their commitment to gender equality. The investment adviser of the BNY Mellon ETF, BNY Mellon ETF Investment Adviser, will donate a minimum of 10% of the management fee to Girls Inc. Additionally, the BNY Mellon Foundation will grant funds to Girls Inc. and its New York branch, Girls Inc. of New York City, acknowledging their significant efforts in empowering girls and young women to achieve their maximum potential.

According to Newton’s Julianne McHugh, gender disparities have significant economic consequences, as achieving equal participation of women and men in the economy by 2025 could contribute an additional $28 trillion to global GDP.

McHugh also believes that companies supporting women, fostering inclusive cultures, providing appealing workplace policies, and empowering women through their offerings are more likely to achieve long-term success.

Related Story:  BNY Mellon To Launch ETF Focused On Empowerment Of Women

Photo by No Revisions on Unsplash

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2023/06/Adyen-Gig-Worker.jpg
FinTech: Adyen Launches ‘Payout Services’ For Faster Payouts To The Gig And SMB Economies
June 2, 2023     FinTech, News

Adyen, a global financial technology platform, has launched Payout Services, allowing its customers to make instant payouts to their users or partners. By connecting directly to real-time payment rails, Adyen’s…

https://dailyalts.com/wp-content/uploads/2023/06/349007845_952167809344663_7026081062910546259_n.jpg
Digital Assets: Oracle Red Bull Racing Seeks To Digitize Engagement With Fans On The Sui Blockchain

Oracle Red Bull Racing has announced a multi-year partnership with software company Mysten Labs to collaborate on Sui, which will serve as the team’s Official Blockchain partner. Sui, a Layer…

https://dailyalts.com/wp-content/uploads/2023/06/LOREAL_0301913_BD.jpg
Venture Capital: Bold, L’Oréal’s Venture Capital Fund, Buys A Stake In Exotic Cosmetic Ingredient Maker Debut
June 2, 2023     News, Venture Capital

L’Oréal’s (EPA: OR) corporate venture capital fund, BOLD, has announced a minority investment in Debut, a US biotech company specializing in the discovery, formulation, and manufacture of novel ingredients and…

https://dailyalts.com/wp-content/uploads/2023/06/48517139187_6e392290f9_c.jpg
Artificial Intelligence: In Flight Simulation, An AI Drone Tries To Kill Its Own Handler
June 2, 2023     Artificial Intelligence, News

During a simulated test at a London summit, an AI-controlled drone turned against its human operator, raising significant ethical concerns. Air Force Colonel Tucker “Cinco” Hamilton shared the incident, which…