Gender diversity in corporate leadership makes for better business decisions, according to Christopher Ailman, who manages an investment portfolio of nearly $180 billion as chief investment officer of the CalSTRS pension fund. Ailman commented from the floor of the New York Stock Exchange, where executives were celebrating this week’s listing of the SPDR Gender Diversity Index ETF (SHE). CalSTRS teamed up with State Street Global Advisors to create the product, which also incorporated data gathered by BoardEx, a company owned by TheStreet. Kristi Mitchem, head of the Americas institutional client group at State Street Global Advisors, said there’s been tremendous buzz over the new ETF. TheStreet’s Rhonda Schaffler has details from the floor of the NYSE.
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