Market Extra: This ETF bets that companies with female leadership will outperform

One of the themes of this election season has been the Wall Street analysts who expect the U.S. economy to do better under Hillary Clinton, who would be the nation’s first female president, than under Donald Trump. Similar bets about the value of female leadership are being made in the stock market.

The SPDR SSGA Gender Diversity Index exchange-traded fund SHE, +0.31% launched earlier this year, has attracted attention from those who want to play its central strategy: that companies with a high representation of women in the executive ranks outperform their male-dominated peers. But while the fund was created to support the cause of corporate gender diversity, performance data shows support for the fund’s thesis, meaning investors wouldn’t just be making a moral statement, but could also get a financial benefit for their position.

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