The Hypatia Women CEO ETF (WCEO), which exclusively holds companies led by women, hit an all-time high of $40.14 on Thursday. The $10 million fund has gained nearly 20% year-to-date, significantly outperforming the less than 13% return of the S&P 500. Advanced Micro Devices, run by CEO Lisa Su, is the fund’s largest holding with a market value of $786 billion and a 129% gain this year. Only 11% of Fortune 500 companies are currently led by women CEOs.
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