3 Canadian ETFs to explore ahead of International Women's Day

3 min read | March 07, 2022 07:27 AM PST | By Raza Naqvi
Highlights:
  • The celebration of women’s achievement was started by the United Nations in 1975.
  • International Women's Day (IWD) is celebrated on March 8 across the world to celebrate the achievement of women over the years.
  • Read further if you are looking for a women-centric exchange-traded fund (ETF) to celebrate the IWD.

International Women's Day (IWD) is celebrated on March 8 across the world to celebrate the achievement of women over the years.

The celebration of women’s achievement was started by the United Nations in 1975 and this year, the UN has kept the theme of "Gender equality today for a sustainable tomorrow".

The theme has been designed to honour the contribution of women who contribute to making a sustainable future for everyone.

As a Canadian investor, if you are looking for some women-centric exchange-traded fund (ETF) to celebrate the IWD, then we have got you covered. Let's take a look:

1. Mackenzie Global Women's Leadership ETF (NEO:MWMN)

This ETF aims to provide capital growth by investing in companies promoting gender diversity and women's leadership worldwide.

As per the ETF's website, MWMN focuses on companies with favourable gender leadership and manages portfolio risk.

The Mackenzie Global Women's Leadership ETF trades on the NEO exchange in Canada, worth C$ 31.5 million assets under management (AUM).

MWMN has returned 3.6 per cent since the past year, and as of market close on Friday, March 4, the ETF was priced at C$ 39.26.

2. RBC Vision Women’s Leadership MSCI Canada Index ETF (NEO:RLDR)

Listed on Canada's NEO exchange, the RBC Vision Women’s Leadership MSCI Canada Index ETF is probably one of the top-performing women-centric ETFs in the world.

The ETF trades under the stock symbol RLDR, and it returned 18.1 per cent in the last months. Meanwhile, RLDR surged 3.2 per cent in the previous three months.

As of March 4, the ETF had worth C$ 15.1 million of assets under management, and its last closing price was C$ 27.32.

RBC Vision Women’s Leadership MSCI Canada Index ETF focuses on companies working to promote gender diversity through corporate social responsibility strategies.

International Women's Day ETFs                                                                                     ©2022 Kalkine Media® 

3. BMO Women in Leadership Fund (TSX:WOMN)

This fund invests in North American equities with either a female Chief Executive Officer or 25 per cent representation of women on the board or both.

The total assets of this fund are worth C$ 4.18 million, and its price on March 4 was C$ 28.79. As per the official website, WOMN had a 12-month high of C$ 31.92 and a 12-month low of C$ 25.37.

Since its inception, the BMO Women in Leadership Fund returned 11.14 per cent and 12.03 per cent in a year.

 

Please note, the above content constitutes a very preliminary observation or view based on digital trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.


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