TXWSW Blog: New ETF Focused on Companies That Have Figured Out Diversity; Why Women Quit

Happy Monday!
Shelley Zalis founded the Girl’s Club after selling her company for $80 million – the idea behind her club was that women should not have to hold back their feminine characteristics to get ahead. In fact, she creates salon type experiences where women are encouraged not only to socialize with one another, but to explore business deals with one another. Read on:http://www.nytimes.com/2016/03/06/fashion/girls-lounge-businesswomen.html
State Street recently launched a new ETF with the ticker “SHE.” The fund expects to achieve above-market returns by investing in companies that have figured out the diversity challenge and actually have women in senior leadership positions. Sounds like a sound investment to me. Read on: http://www.nytimes.com/2016/03/05/your-money/in-fledgling-exchange-traded-fund-striking-a-blow-for-women.html
From the NY Times, a review of the book, “All the Single Ladies’ by Rebecca Traister, explores the phenomenon that for the modern American women the start of adulthood is not marked by marriage for the first time in history and lest we forget, how really novel it is to have a choice in the matter. For the first time, “women can work, they can borrow money, they can vote, buy houses, start businesses, travel the world and have children without ever formally attaching themselves to a man.” The full article can be found here: http://www.nytimes.com/2016/03/06/books/review/all-the-single-ladies-by-rebecca-traister.html
Also from the NY Times, an aptly titled article “Why Women Quit Science” explores the reasons why so many women drop out of the profession – hint – it has nothing to do with performance and everything to do with isolation and bias. I think one can draw a parallel between women in science and finance, so the response I would take from this is to focus on having a strong professional network that can support you and remind you that it is not just you! The full article can be found here:  http://www.nytimes.com/2016/03/06/opinion/sunday/she-wanted-to-do-her-research-he-wanted-to-talk-feelings.html
I hope you will all join us on April 28th for TXWSW 7th annual State of the Markets event – we are thrilled and honored to have an all-star line-up of CIOs who will share their opinions on their market outlook. The panelists this year include Janet Handley, CIO of the Texas A&M Endowment, Katherine Nixon, CIO of Northern Trust, Carol McFate, CIO of Xerox Corporation and Paul Ballard, CIO of Texas Treasury Safekeeping & Trust Company. For our sponsor breakfast on April 29th, we will have secured the Editor of “The Daily Shot” and Danielle DiMartino Booth of Money Strong as our keynote speakers.  Tickets are on sale and sponsorships are available. We thank you all for your continued support as we continue to grow and look forward to seeing you all soon!
Very kind regards

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