Women leadership basket
The basket consists of 30 companies with 10 companies each from North America, Europe, and Asia Pacific (developed countries). Companies with a market value below $5bn have been excluded from the list. The average percentage of women in executive leadership across the three geographical areas is 63.2% (North America), 52.9% (Europe), and 59.7% (Asia Pacific).
The 30 companies represent $1.1trn in market value with JPMorgan Chase being the largest company in the basket. There are few surprising names on the list such as the mining giant BHP Group and oil & gas exploration company Woodside Petroleum. The median revenue growth across these 30 companies is 12.8% which is above the market average and the median ROIC/ROE is 13.6% which is slightly above the global average. So overall, good quality basket. Sell-side analysts have on average a price target that is 20% above the current price and the median 5-year total return has been 138% which is better than the MSCI World Index.
JPMorgan Chase & Co | 429,430 | -2.0 | 18.3 | 19.2 | 91.6 |
BHP Group PLC | 165,024 | 41.7 | 33.7 | -4.9 | 141.7 |
Investor AB | 65,187 | 201.3 | 39.9 | 10.8 | 151.5 |
Block Inc | 48,729 | 118.8 | 4.2 | 128.2 | 627.0 |
Lululemon Athletica Inc | 39,631 | 43.9 | 36.5 | 42.4 | 358.7 |
Hang Seng Bank Ltd | 38,244 | -15.0 | 9.7 | 11.5 | 20.3 |
DNB Bank ASA | 35,632 | -17.0 | 10.2 | 3.8 | 87.4 |
Koninklijke DSM NV | 31,736 | 13.8 | 7.0 | 20.2 | 199.4 |
Wolters Kluwer NV | 25,797 | -2.4 | 16.7 | 8.3 | 178.6 |
CDW Corp/DE | 24,665 | 12.1 | 26.7 | 18.6 | 273.4 |
ViacomCBS Inc | 20,459 | 9.5 | 12.3 | 50.8 | -46.1 |
Etsy Inc | 17,691 | 61.7 | 20.6 | 74.3 | 979.2 |
Woodside Petroleum Ltd | 16,862 | -7.1 | 3.5 | 16.1 | 4.3 |
Next PLC | 13,417 | 21.7 | 27.2 | 15.6 | 133.2 |
REA Group Ltd | 13,134 | 13.1 | 31.1 | 18.0 | 188.0 |
Xero Ltd | 11,461 | 19.7 | 1.3 | 27.8 | 499.3 |
Booz Allen Hamilton Holding Corp | 10,985 | 2.4 | 18.1 | 20.3 | 145.9 |
FinecoBank Banca Fineco SpA | 9,869 | 6.0 | 20.5 | 19.2 | 189.8 |
CapitaLand Integrated Commercial Trust | 9,444 | 76.3 | 4.1 | 25.6 | 28.3 |
Ascendas Real Estate Investment Trust | 8,659 | 12.5 | 4.9 | 22.7 | 51.1 |
Jazz Pharmaceuticals PLC | 8,301 | 25.6 | 3.6 | 47.1 | 13.0 |
Tenet Healthcare Corp | 7,839 | 11.5 | 16.2 | 26.7 | 300.1 |
Castellum AB | 7,833 | -0.2 | 3.5 | 18.8 | 114.1 |
Bright Horizons Family Solutions Inc | 7,144 | 0.7 | 4.9 | 33.9 | 68.3 |
GDS Holdings Ltd | 6,827 | 37.4 | 1.3 | 115.1 | 361.2 |
Stockland | 6,535 | -2.0 | 5.3 | 20.2 | 19.6 |
ASR Nederland NV | 6,425 | 38.6 | 14.8 | 9.0 | 111.0 |
Orion Oyj | 5,623 | -7.0 | 26.4 | 5.4 | 0.7 |
Crocs Inc | 5,519 | 72.8 | 62.4 | 121.0 | 1,198.9 |
Minth Group Ltd | 5,119 | 19.8 | 10.3 | 34.3 | 54.2 |
Source: Bloomberg and Saxo Group
* ROIC is used for non-financial companies and ROE is used for financial companies
As the performance below shows our Women in Leadership basket has delivered 250% total return compared to 101% for the MSCI World Index since inception in December 2015, but this obviously reflect a combination of surviourship and selection bias as thus historical performance is not an indicator of future performance.