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.

Krawcheck, a former executive at Bank of America and Citigroup, joined forces with Pax World Management to roll out the Pax Ellevate Global Women’s Index Fund (PXWEX) on June 4.

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