Updated Wednesday, August 20, 2014 as of 4:29 PM ET

Will Advisors Care About Krawcheck's New Women-Focused Index Fund?

Wall Street veteran Sallie Krawcheck is teaming up with a money manager for an index fund focused on women a fund that before its re-launch suffered dismal long-term performance.

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Comments (3)
..........and for those interested in more info, you can check:

http://www.paxellevate.com/
Posted by MARTY M | Monday, June 09 2014 at 12:56PM ET
Yes, gimmicky...and making investment decisions to promote a social agenda (and that IS the real goal here) is not and has not been profitable.
Posted by paul D | Monday, June 09 2014 at 4:03PM ET
This is just silly.

Socially-conscious investing has typically underperformed other options, so many advisors avoid the practice. Choosing to or not to financially support particular industries on ethical bases is a virtuous endeaver; but then, can this fund rightfully fall into that category?

Establishing a mutual fund to presumably fight gender discrimination by only investing in companies dominated by women is itself gender discrimination.

Better luck next time.
Posted by ROB D | Monday, June 09 2014 at 4:04PM ET
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