Sweden's Avanza licenses gender equality index for tracker

Avanza, the Swedish online stock broker and fund services provider, has licensed use of the Equileap European Gender Equality 75 index to support the launch of its AVA Gender Equality Tracker - an exchange traded note listed on the Stockholm Stock Exchange. The index is one of five indices calculated for Equileap by Solactive. It tracks 75 European companies out of 3,000 globally that are included in Equileap's database. To be included in the index, companies must pass gender screening that ranks them according to the proprietary Equileap Gender Equality Scorecard. This considers 19 crit...