SHE.P Surges on $76M Inflow as Gender ETF Gains Institutional Attention

ETF Overview and Capital Flows

SHE.P, the State Street SPDR MSCI USA Gender Diversity ETF, tracks a market-cap weighted index of U.S. large- and mid-sized companies with strong gender diversity metrics. The fund focuses on firms demonstrating a high representation of women across all organizational levels. On January 26, 2026, it saw a net fund flow of $76.8 million from orders, including $74.4 million in block trades and $66.6 million in extra-large orders, signaling concentrated institutional interest.

Peer ETF Snapshot

• AGG.P charges a 0.03% expense ratio and holds $138 billion in assets, making it one of the cheapest and largest bond ETFs.
• AVIG.P has a 0.15% expense ratio and $2 billion in AUM, targeting dividend-paying stocks with a growth tilt.
• ACVT.P carries a 0.65% expense ratio and $28 million in assets, focusing on artificial intelligence and cloud computing themes.
• ANGL.O commands $3 billion in AUM with a 0.25% expense ratio, tracking an index of companies involved in autonomous vehicles and electric vehicles.

Opportunities and Structural Constraints

SHE.P’s recent inflows highlight its appeal as ESG investing trends gain traction, particularly in gender-focused mandates. Its 0.2% expense ratio is competitive among thematic ETFs, though higher-charging peers like ACVT.P or AGGS.P may offer alternative angles for diversified exposure. The fund’s niche focus on gender diversity limits broad market correlation but depends on sustained investor appetite for socially themed products. At its core, SHE.P reflects a structural shift in capital allocation toward corporate governance metrics—provided those trends hold.