Helena Morrissey championed Girl fund merged away after flows fail to materialise
Fund’s assets failed to get above £50m since launching in 2018
Legal & General Investment Management has merged away its Future World Gender in Leadership UK Index fund, known widely as the Girl fund, after it failed to attract money from investors.
Championed by the then head of personal investing at the group Helena Morrissey (pictured), LGIM launched the Girl fund in 2018 with the aim of raising gender diversity standards in companies across the UK equity market.
The group created a proprietary index for the fund to score and rank companies according to four gender diversity measures: women on the board of directors, women executives, women in management, and women in the workforce.