ESG Investing Trends:
ESG (Environmental, Society & Governance) investing is a trend that has recently gained traction as millennials shift their focus to sustainable finance and impact investing, boosting demand for indices and ETF’s promoting diversity and inclusion.
Thomson Reuters Diversity & Inclusion Index Performance Chart
Source: Refinitiv
Although more women have entered into what was historically known as male only roles, the rise of powerful global female leaders and influencers has raised further awareness of challenges that women in finance, business and society as a whole which have been further exacerbated by the Covid-19 pandemic.
Related Articles: Three Women Leaders Changing Finance, Economics and Business[1]
The SHE (SPDR SSG Gender Diversity) Index aims to promote companies in the US who are actively striving to bridge the gap between women and men in senior positions, giving a greater weighting to firms with a higher degree of gender diversity.
Source: SSGA website
SHE (SPDR SSGA Gender Diversity) Index Technical Analysis
At the time of writing, the SHE (SPDR SSGA Gender Diversity) Index has enjoyed an approximate 112% rally since March last year before peaking at an all-time high of $106.58 earlier this month.
Although prices have since retreated back below the $105 mark, now holding as critical resistance for the imminent move, price action[2] remains in a well-defined range within the confines of the rising channel.
To learn more about price action or chart patterns, check out our DailyFX Education[3] section.
Meanwhile, the Moving Average Convergence/Divergence (MACD)[4] continues to linger above the zero-line, suggesting that the bullish narrative pertaining to the SHE Index may continue to hold, at least for now.
SHE (SPDR SSGA Gender Diversity Index ETF) Weekly Chart
Chart prepared by Tammy Da Costa[5]
