How Is Invesco Furthering Diversity and Inclusion? | ETF Trends
Only 1.4% of total U.S.-based AUM is managed by diverse-owned firms, as of September 2021, according to a Knight Foundation report released at the end of 2021.Despite the size and importance of the investment management industry, many observers have pointed to its lack of diversity. Previous studies, commissioned by the John S. and James L. Knight Foundation, have concluded that women and minorities were dramatically underrepresented in the mutual fund, hedge fund, private equity, and real estate industries.It is important to ensure that a firm and investor’s values are aligned when choosing which fund managers to allocate assets to. Large asset managers, which hold considerable assets and market share, are in a unique position to redefine the industry and create an environment around diversity, equity, and inclusion.Invesco, the asset manager behind the popular and highly rated Invesco QQQ ETF (QQQ), has made considerable progress on its commitment to improving diversity and inclusion. Last year, the firm earned 100% on the 2021 Human Rights Campaign’s Corporate Equality Index and the designation of being one of the best places to work for LGBTQ equality.
How is Ivesco furthering D&I?