BNY Mellon launches women-focused and innovation-themed ETFs
Nastassia Samal
BNY Mellon Investment Management has launched two new exchange traded funds on Tuesday, one focused on women's opportunities and another targeted at innovation-driven companies.
The two ETFs are the BNY Mellon Women's Opportunities ETF (NASDAQ:BKWO) and the BNY Mellon Innovators ETF (NASDAQ:BKIV).
BKWO aims to offer investors exposure to stocks that demonstrate a commitment to gender equality through representation of women in leadership roles. The fund will also feature firms that provide benefit programs that have positive impact on womenâs lives and product offerings that improve the overall lives of women and girls. 
Meanwhile, BKIV looks to deliver exposure towards innovative businesses that transform or disrupt existing business practices.
BKWO's top two holdings consist of Microsoft (MSFT) and Amazon (AMZN), with weightings of 7.68% and 4.89%, respectively. The top two positions for BKIV are Alphabet (GOOG) (GOOGL) and Nvidia (NVDA), with concentrations of 5.13% and 5.05%, respectively.
Regarding the launch of BKWO, BNY Mellon stated: "Gender gaps have economic impactsâif women and men participated equally in the economy a further US$28 trillion could be added to global annual gross domestic product by 2025."
On BKIV, the firm noted: "Average company life spans have dropped sharply, with 52% of Fortune 500 companies having disappeared in the last 15 years. Paired with COVID, which spurred innovation and disruption at an unprecedented rate, this provides many attractive investment possibilities in every corner of the economy."
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