A previous version of this story referred to Barbara Byrne as Vice President. TheStreet regrets this error.
NEW YORK (The Street) -- Barclays (BCS) announced it is launching Women in Leadership Index and Exchange Traded Notes (ETNs) on the NYSE Arca Exchange. Under the ticker symbol "WIL," Women in Leadership is the first index to date that focuses on gender diversity.
"I'm so excited to give investors that want to invest based on their own values, where there values include gender diversity and the promotion of women in leadership," said Sue Meirs, COO of Funds Structured Market Sales, in a phone interview with The Street.
This index gives investors the ability to track the fiscal performance of publicly traded companies with a female CEO or companies with more than 25% female diversity on their corporate board. The companies must have a $250 million market cap and $25 million 3-month Average Daily Value Traded in order to be included on the Women in Leadership Index.
Some of the companies that have made the cut include Google (GOOG), IBM (IBM), AT&T (T), Verizon (VZ) and Wells Fargo (WFC).
"These companies have clearly opened their minds in a way that a lot of companies haven't - opened their parameters to grow their leadership in a way that most companies have not," said Meirs. "This is confirmation of their success."
Barclays Vice Chairman in Investment Banking Barbara Byrne believes the exchange traded note can show a direct link between gender diversity and financial growth.