Companies must have a female¹ CEO.
- Why?
Women are hugely underrepresented at the CEO position, making up just 6% of CEOs globally. The decisions that these leaders make have a huge impact on a business’ performance while they are at the helm.
Markets don't like female leaders.
Big mistake.
Pink Chip indices measure the performance of women-led companies against global benchmarks. They prove women are better for business, whether markets like it or not.
Help us bring pink chip to every market.
TOP
SECTORS
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All
SECTORS
| # | %of index | Nameof sector |
|---|---|---|
| 1 | 15% | Finance |
| 2 | 12% | Electronic Technology |
| 3 | 12% | Health Technology |
| 4 | 10% | Producer Manufacturing |
| 5 | 9% | Technology Services |
| 6 | 6% | Commercial Services |
| 7 | 6% | Consumer Services |
| 8 | 6% | Energy Minerals |
| 9 | 5% | Transportation |
| 10 | 5% | Health Services |
| 11 | 4% | Consumer Durables |
| 12 | 4% | Consumer Non-Durables |
| 13 | 2% | Non-Energy Minerals |
| 14 | 2% | Process Industries |
| 15 | 2% | Utilities |
| 16 | 2% | Industrial Services |
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Holdings
Ranked by index %, displayed with market cap size.
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Companies
index
Criteria
01
A Female ceo
02
>$2BN MARKET CAP, US LISTED
Companies must be listed on a US stock exchange and have a minimum market cap of US$ 2 billion.
- Why?
For now, Pink Chip focuses on mid and large-cap companies listed on US exchanges. This is an intentional choice designed to constrain the universe of the index.
03
>8% CAGR OVER 3 YEARS
Companies must have demonstrated revenue growth of at least 8% over the last 3 years.
- Why?
Think of this as a quality control measure. By only including companies that have have demonstrated sustained, impactful growth over a 3 year-window, we can control for the glass cliff effect².
1 Please note that when we speak of “Female”, we are inclusive of all female-identifying people.
2 Research has shown that women are more likely than men to be appointed to boards or positions of leadership in companies experiencing consistently bad performance. This phenomenon is called the glass cliff, and it means women are more likely to be ‘caretaker CEOs’ than their male counterparts. Source: Ryan, M. And Haslam, S. (2005).
Index
Methodology
PINK CHIP IS A WEIGHTED INDEX.
Of the companies that meet our criteria, we only include those that are in the top 50th percentile based on 3-year revenue growth rates. Of those companies, we overweight the companies in the top 20th percentile.
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UNW SDG5
FAQ
Why “Pink Chip”?
In the world of finance and trading, investors refer to stocks as "chips" and categorise them based on colour. Blue chips, for example, are stocks of companies that are considered as large, well-known and highly valued companies, while "green chips" refer to companies working in green energy, sustainability or other activities associated with environmentalism.
Pink Chip represents an entirely new financial category in which “pink” refers to the power that women bring to the businesses that they lead.
Are women better for business?
Are markets biased against women?
Can I invest in Pink Chip?