The Barclays Women in Leadership Exchange Traded Note (“ETNs”) on the NYSE Arca Exchange under the ticker symbol WIL are an industry first. The ETN was launched in July 2014, so that investors can support the move towards gender equality in management positions in major US companies.
The ETNs, which track the Barclays Women in Leadership Total Return Index, are designed to provide investors with exposure to US companies with gender-diverse executive leadership and governance. Research shows that companies with more gender-diverse leadership may exhibit strong corporate performance relative to those with less.
To be included in the Index, which uses data compiled by Institutional Shareholder Services Inc., a company must, among other things, have a female CEO and/or at least 25% female members on the board of directors. The universe of stocks from which the Index selects eligible stocks for inclusion consists of stocks of all U.S.-based issuers listed on New York Stock Exchange or The NASDAQ Stock Market.