Why Bother?

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I noticed on a different site someone mentioned the fund SHE, the “gender diversity fund“, and I thought they were just doing a politically correct joke. Sort of a riff on all the virtue signaling going on these days. Nope. This is real. There is seriously a fund based only on having more women than usual in senior management positions. And as you can see below, comparing SHE to the male-dominated SPY, those women sure do make a gigantic difference in investment returns. I’m sure it makes the lack of liquidity and wider bid/ask spreads totally worth it.

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