Sallie Krawcheck’s Ellevate Organization recently launched an index fund comprised of companies where women make up a significant portion of officers and directors: The Pax Ellevate Global Women’s Index Fund (PXWEX).
Now now, I know what you’re thinking. How do I go all in on PXWEX Puts?
That’s not very nice. Studies have shown that female leaders are less ego-driven and more risk-averse than men. So a woman-led corporation may be less likely to take over the world, but also less likely to go the way of Enron.
If these attributes are reflected in the Women’s Index Fund holdings, then the most profitable approach here would be to sell PXWEX variance swaps.
Sallie Krawcheck Opens an Index Fund Focused on Women –NYTimes