Socially Conscious Investing
Initially, when I saw this week’s word, “she”, I decided I would skip it. It didn’t resonate with me. Tonight, at dinner, I told my wife I was skipping this week, and then jokingly said I would write a post if there was an investment with the ticker symbol “SHE.” As it turns out, there is. I guess I should have known that would be the case.
While I don’t think an investor should invest outside of their worldview, values, conscience, or moral values, the current trends to sell investment products that sound like they focus on a specific social agenda at the expense of results is a bit misguided, at best. The ETF called SHE is one that I could never recommend unless you just have to feel good about the name of the fund. Under the covers it isn’t really all that special. I also have to wonder why the turnover ratio is so high. If the index was focused on large cap funds with a focus on female leadership, turnover should not be more than 25% for year.
A Quick Critique
The reasons I dislike SHE are multiple. In fact, I really struggle to find even one thing that I would call appealing about this fund. If my mom, my wife, my daughter, or my granddaughters bought this ETF I wouldn’t fight it, but I could easily suggest far better alternatives including VOOV and DGRO. The images help explain why SHE is someone I would not invite into our investment portfolio.
Who is SHE?
SPDR Series Trust – SPDR SSGA Gender Diversity Index ETF is an exchange traded fund launched by State Street Global Advisors, Inc. It is managed by SSGA Funds Management, Inc. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of large-cap companies. It invests in stocks of companies that are deemed socially conscious in their business dealings. It seeks to track the performance of the SSGA Gender Diversity Index, by using representative sampling technique. SPDR Series Trust – SPDR SSGA Gender Diversity Index ETF was formed on March 7, 2016 and is domiciled in the United States.
Five Minute Friday
This post is part of the weekly Five Minute Friday link-up.
Know Your Flocks & Herds 
Cultural feminism, along with transgenderism, has invaded and robbed women of the value of being a woman. Today, we have to buy the bacon and fry it up and clean it up. In Proverbs 31, women worked. They were intelligent business people, creative, and took care of their families. And yet, women were graceful, feminine, wise speech and loved. The more I look around, and I see women clamoring for recognition as doing a man’s job. I believe in God’s established gender roles if just for the fact that men are stronger. We each have talents, strengths, and dreams. Conveting what others have is not seeking what my role is. I pray that we teach our daughters to be ladies in whatever God leads them to do.
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Interesting. There are a lot of products in the market these days that pretend to be pro-woman when in actual fact they underscore the feelings of women with poor self-esteem and body image. In India, where I am from, we often have ads that show confident women taking on the world, only to find that they’re selling fairness creams!
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I know nothing about the market but I found the post interesting! Thanks for a peek into what is, for me, a strange world.
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Very interesting. Extreme Feminism has killed many things, including marriage.
fmf#3
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