Active Mutual Fund Invests in Companies Committed to Women’s
Leadership and Development
Investments®, one of the industry’s most diversified
financial services organizations with more than $7.4 trillion in client
assets1, today announced the launch of Fidelity Women’s
Leadership Fund (FWOMX).
The actively managed mutual fund is available with both retail and
advisor share classes, with no investment minimums.
Fidelity Women’s Leadership Fund is managed by Nicole Connolly, a
21-year industry veteran. The fund seeks to identify high-performing
companies that prioritize and advance women’s leadership and development.
To be considered, a company must have:
- A woman as a member of the senior management team, or;
- One-third women on its board of directors, or;
Specific gender diversity initiatives for hiring, retention and
promotion of women.
“I’m looking for companies that I believe are committed to female
leadership and development, that can grow earnings more than the market
and that have resilient businesses models with a solid competitive
position,” said Connolly. “The focus with the Fidelity Women’s
Leadership Fund is to offer an investment product that seeks returns
with a purpose.”
Research Supports Gender-Diverse Companies
research found that companies with women in leadership positions and
initiatives promoting gender diversity generally outperformed the market
over the long term.2
“Our active research and experience suggests this is an investment
universe ripe for good stock picking,” said Connolly. “The research also
found that companies with a commitment to gender diversity can have
lower earnings volatility and higher return on equity.”
Fidelity published a new Viewpoints, “Investing
in Women.” The paper offers insight into the potential benefits of
funds like the Fidelity Women’s Leadership Fund.
Fidelity Study Found Growing Interest in Investing Alongside Personal
Fidelity’s previously released Women
and Investing Study found that many investors are interested in
investment options that align with their values. More than half of
investors surveyed by Fidelity said they would be interested in a fund
that invests in companies supporting women in leadership roles, with
millennial women demonstrating the strongest interest (61%)3.
Nearly three-quarters of women (72%) said they wanted to take steps in
the next six months to demand more from their money and make it work
harder4. The No. 1 topic they want to learn more about:
investing and how to select investments to meet their goals5.
“The launch of this fund aligns with Fidelity research showing that
women are ready to take control of their finances and demand more from
their money,” said Connolly.
To learn more about how Fidelity is helping women demand more of their
money through investing, see Fidelity.com/DemandMore.
About Nicole Connolly:
Portfolio Manager Nicole Connolly has
been in the investment industry for 21 years and spent 19 of those years
at Fidelity. In addition to her role as portfolio manager, Connolly
leads the Environmental, Social and Governance (ESG)
investment efforts across Fidelity’s Asset Management organization,
including helping to direct Fidelity’s ESG product roadmap, facilitating
greater education about ESG in the investment process, and helping to
coordinate cross-asset class ESG efforts. Previously, Connolly served as
managing director of research for the Natural Resources, Utilities,
Technology, and Emerging Markets groups among others. Connolly began her
career at Fidelity analyzing companies across various sectors, asset
classes and market capitalizations.
About Fidelity Investments
Fidelity’s mission is to inspire
better futures and deliver better outcomes for the customers and
businesses we serve. With assets under administration of $7.4 trillion,
including managed assets of $2.7 trillion as of March 31, 2019, we focus
on meeting the unique needs of a diverse set of customers: helping more
than 30 million people invest their own life savings, 22,000 businesses
manage employee benefit programs, as well as providing more than 13,500
financial advisory firms with investment and technology solutions to
invest their own clients’ money. Privately held for more than 70 years,
Fidelity employs more than 40,000 associates who are focused on the
long-term success of our customers. For more information about Fidelity
Investments, visit https://www.fidelity.com/about.
Before investing, consider the funds’ investment objectives, risks,
charges, and expenses. Contact Fidelity for a prospectus or, if
available, a summary prospectus containing this information. Read
Diversification and asset allocation does not ensure a profit or
guarantee against loss.
Past performance is no guarantee of future results.
Stock markets are volatile and can decline significantly in response to
adverse issuer, political, regulatory, market, or economic developments.
Different parts of the market, including different market sectors, and
different types of securities can react differently to these
Foreign markets can be more volatile than the U.S. market due to
increased risks of adverse issuer, political, regulatory, market, or
economic developments and can perform differently from the U.S. market.
Investing in stock involves risks, including the loss of principal.
Fidelity Brokerage Services LLC, Member NYSE, SIPC
Street, Smithfield, RI 02917
Fidelity Investments Institutional Services Company, Inc.
Street, Smithfield, RI 02917
National Financial Services LLC, Member NYSE, SIPC,
Boulevard, Boston, MA 02110
© 2019 FMR LLC. All rights reserved.
1 Fidelity Investments, March 31, 2019
Source: Thompson Reuters, Fidelity Investments (FMR) as of April 2019.
Data as of June 2007 – June 2018. Research found that since 2008,
companies exhibiting gender diverse attributes – in this case, female
representation in senior management and a minimum of two corporate
governance policies aimed at promoting diversity – experience higher
returns than companies that do not.
Investments Women and Investing Study, November 2018
5 Fidelity Women and Money Survey 2016
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