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June 12. 2014 2:03PM

Pax World launches women’s index fund

Itís the first fund to invest in companies that have demonstrated a strong commitment to women as judged by five criteria. These include the number of women representatives on boards of directors or in executive management, as well as those who have a female CEO or CFO and have signed the Womanís Empowerment Principles, a joint initiative by the UN Global Compact and UN Women that provides guidance for companies on how to empower women in the workplace.

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