Cedar Small Cap Gender Diversity Momentum Index
Exposure to small companies with a high gender diversity in the executive team
A lot of research is focusing on the role of a gender diverse board and executive team in driving performance of public companies. Empirical evidence of effects of diversity in the C-suite is present, nonetheless in the world of public markets, many macro and micro factors can hinder performance. Cedar Small Cap Gender Diversity Momentum Index captures earnings momentum trends of gender diverse companies. The gender diversity criterion focuses on the executive team and the ratio of Women executive officers. The index has an inclusion threshold of 25% for the ratio of Women executive officers, and rewards companies with a ratio of Women executives of >40% with a higher weighting.