TORONTO, May 2, 2013 /CNW/ - Global Women Equity Corporation (the
"GWEC") is pleased to announce that after conducting in-depth and
extensive due diligence, the company has selected one of Canada's
leading investment managers to actively manage a first-of-its-kind
mutual fund in Canada.
"Unitholders will have direct access to one of Canada's premier
institutional investment teams. Our firm is very excited at the
prospect of launching a first-to-market and first-of-its-kind SRI fund
nationally," said Paula Popo, Executive Vice President at GWEC.
The Global Women's Equity Fund (the "GWEF") is categorized as an SRI
fund. It will appeal to socially responsible investors, mainly women,
who are looking to promote concepts and ideals that they feel strongly
about. GWEF will invest globally in publicly traded companies that have
demonstrated their support for women's causes and are leaders in
promoting gender equality in the workplace.
GWEF's strict investment mandate dictates that the investment manager
will invest only in companies that have actively promoted the
advancement of women. Inclusion in the portfolio would require
companies to meet some or all of the following:
-Companies that have signed and adhere to the Women's Empowerment
Principles-Equality Means Business disseminated by the United Nations
-Companies that employ at least 25% or more women directors or executive
-Companies that have provided financial support and are members of
CATALYST, the leading non-profit membership organization expanding
opportunities for women and/or;
-Companies that have signed and adhere to the Women on the Board Pledge
for Europe produced and disseminated by the European Commission.
"We have approached over 4,500 financial advisors in Canada to gauge
their interest in selling this highly innovative fund. The response was
overwhelming. In Canada, 21 per cent of the people in the top 1 per
cent of income earners were women in 2010 and that number is growing.
Financial advisors are becoming aware that women investors have
accumulated significant wealth and tend to outlive men. The times are
GWEC will be holding discussions with one of Canada's leading banks to
leverage their retail distribution platform and make this fund
available to all retail investors across Canada.
"We are very confident in our ability to forge a strong partnership with
a Canadian bank. This particular banking entity strongly supports
socially responsible investments and will, I believe, embrace the GWEF
concept," said Alexis Klein, Chief Marketing Officer at GWEC.
SOURCE: Global Women Equity Corporation
For further information:
Chief Marketing Officer
Global Women Equity Corporation