Town Hall with Sallie Krawcheck
Your network has gone through some major changes recently, with our rebrand, the launch of the new website and the introduction of an Entrepreneur level of membership. With this Jam Session, we provided an open forum during which Sallie could discuss these changes and field questions from members.
Sallie began by discussing the path that brought her to Ellevate. Through her work on Wall Street, she saw the impact groupthink had on bringing about the financial crisis. She researched the impact of diversity in the workplace and noted that gender diversity is associated with many positive outcomes for companies, including greater innovation, greater client-focus and higher returns on investment. In turn, networking helps in advancement of women in the workplace. Thus, when the opportunity came along to invest in the network, she took it.
How We #InvestInWomen
The goal for the new website is to provide members with greater resources and a more streamlined user experience. Members can gain access to member-authored articles, search the member database, connect with others, sign up for Ellevate events globally and invite other members to events. The business development team is testing other resources to help Ellevate continually improve. With your feedback and ideas, we hope to continue to make the network a success.
Sallie also talked about the Pax Ellevate Global Women’s Index Fund, a legally separate entity from the Ellevate Network that provides with the opportunity to invest in the top-rated companies in the world for advancing women. A portion of the Ellevate Network’s revenues will go into the fund, and members are able to invest in the institutional share class (ie, at a reduced price).
Why the changes?
Many of the changes over the past year are the result of member feedback, which continues to be a driving force. The rebrand of Ellevate from 85 Broads was the result of the network outgrowing the original brand. “Ellevate” gives a nod to women, while also representing the action orientation of the network. The introduction of the new site came from a desire to provide members with more functionality and a better user experience.
The decision to use part of the Ellevate Network’s revenues towards the fund was made because many members indicated that they wanted to invest in women.
And we introduced the Entrepreneur level of membership because we had so many entrepreneurs joining the network and wanted to provide more targeted resources for them.
We are open to more ideas for improvements and would love to hear your wish lists. Your continued feedback will help us continue to expand Ellevate’s plans and potential to #InvestInWomen.
You should consider a fund's investment objectives, risks and charges and expenses carefully before investing. For this and other important information, please obtain a fund prospectus by calling 800.767.1729 or visiting www.paxworld.com. Please read it carefully before investing. Past performance is no guarantee of future results.
RISK: Investment in mutual funds involves risk, including possible loss of principal invested. You could lose money on your investment in the Fund or the Fund could underperform because of the following risks: the market prices of stocks held by the Fund may fall; individual investments of the Fund may not perform as expected; the Fund’s portfolio management practices may not achieve the desired result. The Fund does not attempt to outperform the Index or take defensive positions in declining markets. Accordingly, the Fund’s performance would likely be adversely affected by a decline in the Index. Funds focusing on small/medium companies generally experience greater price volatility. Investments in emerging markets and non-U.S. securities are generally less liquid and less efficient than investments in developed markets and are subject to additional risks, such as risks of adverse governmental regulation, intervention and political developments. As this Fund can have a high concentration in some issuers the Fund can be adversely impacted by changes affecting issuers. There is no guarantee that the objective will be met and diversification does not eliminate risk.
Effective June 4, 2014, the Pax World Global Women’s Equality Fund was reorganized into the Pax Ellevate Global Women’s Index Fund.
Fund Objective: The Pax Ellevate Global Women’s Index Fund seeks investment returns that closely correspond to or exceed the price and yield performance, before fees and expenses, of the Pax Global Women’s Leadership Index*, while maintaining risk characteristics that Pax Ellevate Management LLC believes are generally similar to those of the Index.
*A custom index calculated by MSCI. One cannot invest directly in an index.
Distributor: ALPS Distributors, Inc., Member: FINRA. ALPS is not affiliated with Ellevate Network.
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