• All women management team to waive fees, donating 1 per cent of assets to non-profits supporting women’s economic prosperity and equality
• Minderoo Foundation commits A$100m to kickstart efforts
• Senator the Hon. Katy Gallagher, Minister for Women and Minister for Finance, to launch fund

Sydney Australia, 4 December 2024: Future Generation will today launch a groundbreaking investment fund, aiming to deliver both solid investment returns and tangible strides towards gender equality in Australia.

Managed by women portfolio managers, Future Generation Women will progressively bring a gender lens into investment decisions, with the aim of driving strong gender equity practices. It will also direct 1 per cent of its assets annually to not-for-profit organisations that advance economic equality and opportunity for women and their children in Australia.

A first of its kind in Australia, Future Generation Women will be an unlisted trust in the Future Generation group, which also includes listed investment companies Future Generation Australia (ASX: FGX) and Future Generation Global (ASX: FGG). The group has more than A$1 billion under management and has donated more than A$87 million to Australian non-profits since launching ten years ago.

Supporting Future Generation’s gender equality ambitions, Minderoo Foundation will today commit A$100 million to Future Generation Women. Gender equality is a priority focus for the Australian philanthropic foundation, which is working to forge a fair future by challenging inequalities and campaigning for meaningful change.

Senator the Hon. Katy Gallagher, Minister for Women and Minister for Finance, will join Minderoo and Future Generation in Sydney to formally launch Future Generation Women. Minister Gallagher is a fierce gender equality advocate who has put women’s economic equality at the centre of Government decision making.

Future Generation Women’s portfolio managers, who will provide their investment management expertise on a pro bono basis, were selected by a first-class investment committee. They aim to drive change by progressively bringing a gender-lens into investment decisions at a portfolio level, to further demonstrate how gender conscious action benefits financial outcomes, as well as business and society.

Today’s news follows investment research which consistently shows that women outperform their male counterparts over the long-term, with studies indicating that women’s investment strategies tend to be more diversified, long-term and risk conscious. Despite this, only 19 per cent of portfolio managers in Australia are women and more than two-thirds (67 per cent) of all industry promotions go to men.

Key features of Future Generation Women:

No Management or Performance Fees for Investors: The fund will provide unit holders with a combination of income and capital growth over the medium-to-long term through investments in Australian and global equities, without charging any management or performance fees.

Philanthropic Commitment: The fund will donate 1 per cent of assets annually, delivering critical funding to non-profits that advance economic equality and opportunity for women and their children in Australia.

Gender Lens Investing: The fund aims to invest in companies with a strong track record of gender equity, including gender-diverse leadership, equitable pay, and policies that support work-life balance and the advancement of women.

100% Women-Led Management: The fund will be managed initial by a team of 12 women, who are industry leading portfolio managers, ensuring diverse investment strategies.

Change Catalyst: The fund aims to drive change by creating a pathway for women in finance.

Big names, big investments

The team of fund managers includes:

• Emma Fisher, Airlie Asset Management
• Catherine Allfrey, Wavestone Capital
• Katie Hudson, Yarra Capital
• Jun Bei Liu, Tribeca Investments
• Julia Weng, Paradice Investments
• Dawn Kanelleas, First Sentier
• Nikki Thomas, Magellan
• Fleur Wright, Northcape Capital
• Qiao Ma, Munro Partners
• Vihari Ross, Antipodes
• Chanel Stuart-Findlay, Plato Investment Management
• Armina Rosenberg, Minotaur Capital

Future Generation Women is now open for investment, with a minimum investment of A$250,000. Wholesale investors who apply before March 31, 2025 will be named as founding investors of Future Generation Women.

About Future Generation Women

Future Generation Women investment fund is managed by a team of women who are leading portfolio managers. The fund seeks to deliver strong returns to investors while also being a catalyst for change and gender equality by funding not for profit organisations that advance economic equality and opportunities for women and their children. Through a commitment to zero fees and strategic investments in companies, the fund aims to create positive change in both the financial and social spheres.

Future Generation Women is part of the Future Generation group, which has more than A$1 billion under management.

For more information, please visit the Future Generation Women webpage or contact:

Caroline Gurney

Chief Executive, Future Generation

+61 403 279 605

Elly McNee

Senior Corporate Affairs Adviser, Future Generation

+61 449 663 178

Ingrid Pyne

Senior Editor, Future Generation

+61 448 607 976

Ben Martin

Minderoo, Advocacy & Engagement

+61 427 366 531