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Europe Gets Its First ETF Devoted to Gender-Equality

Lyxor Asset Management has introduced the first exchange-traded fund in Europe focused on gender equality, with top holdings including L’Oreal SA, CenturyLink Inc. and Delta Air Lines Inc.

The Lyxor Global Gender Equality UCITS ETF, which started trading Monday under ticker ELLE FP, tracks 150 companies globally that score highly for gender equality using criteria such as gender balance in leadership, equal compensation and policies promoting women.