Investors who are concerned about equal pay may want to consider certain gender and diversity funds that are making this issue a priority. When selecting investments, be sure to keep in mind that how these funds advocate for these issues, and how successful certain proposals are, can vary widely.
Women earn just about 80 cents for every dollar that men make, and that difference can add up big over time.
A women who starts her career today will miss out on $406,760 in earnings over 40 years, according to new estimates from the National Women's Law Center.
With more public attention to this issue — and with April 2 marking Equal Pay Day — gender and diversity funds have emerged to help investors identify companies that are paying attention to these concerns.
The universe of funds operating in this area is relatively small. New research from Morningstar identifies a total of 15 equity mutual funds and exchange traded funds that it categorizes as gender and diversity sustainable investments.
But just investing in those funds does not always mean you're directly moving the needle when it comes to closing the gender pay gap. Morningstar's research identifies two key reasons why.
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