Future Generation Women®

Invest with leading women fund managers
while supporting economic equality for
Australian women and their children.

About Future Generation Women

Investment objective

The Fund’s investment objectives are to provide a combination of income and capital growth over the medium-to-long term by investing in Australian and global equities.

Social objective

Future Generation Women wants to see Australia unlock its full potential – through increased participation by women – and become the fair, productive and competitive economy it can be. To help achieve this, Future Generation Women will donate an amount equal to 1% of the Fund’s average monthly net assets to non-profits advancing economic equality and opportunity for women and their children in Australia.

Investment Strategy

Future Generation Women seeks to provide investors with exposure to a diversified portfolio of Australian and global equities, managed by leading women fund managers. The Fund’s portfolios provide a balanced mix of Australian and global equity strategies, including long and long/short equity.

The comparative performance benchmarks are the S&P/ASX 300 Accumulation Index for the Australian equity units and the MSCI AC World Index (AUD) for the global equity units.

Access leading fund managers

Australian Equities

Emma Fisher

Portfolio Manager at Airlie Fund Managements

Dawn Kanelles

Head of Australian Small and Mid-Cap Companies at First Sentier Investors

Julia Weng

Portfolio Manager at Paradice Investment Management

Jun Bei Liu

Founder and Lead Portfolio Manager at TenCap

Catherine Allfrey

Co-Founder and Portfolio Manager at WaveStone Capital

Katie Hudson

Head of Australian Equities Research at Yarra Capital Management

Global Equities

Vihari Ross

Portfolio Manager at Antipodes Partners

Annabelle Miller

Principal at ECP Asset Management

Armina Rosenberg

Co-Founder and Portfolio Manager at Minotaur

Qiao Ma

Portfolio Manager at Munro

Chanel Stuart-Findlay

Senior Portfolio Manager at Plato Investment Management

Grace Su

Managing Director, Co-Portfolio Manager at Clearbridge

Jean Yu

Managing Director, Co-Portfolio Manager at Clearbridge

How to invest

Wholesale investors

Eligible Investors: For wholesale and sophisticated investors only.

Future Generation Women is now open for investment, with a minimum investment of AUD $250,000.

For further information email [email protected].

Subscribe

At Future Generation, we are proud to be Australia’s first listed investment companies to provide both investment and social returns.

We are passionate about engaging with our shareholders and the community. This includes keeping investors informed with the latest investment insights from our leading pro bono fund managers, invitations to our webinars and events, monthly investment updates and news from the not-for-profit organisations supported through our social investment.

News & Media

Stay up to date with the latest news, media coverage, and announcements from Future Generation Women.

Read the recent media coverage on our News webpage.

Fund Facts

Inception date

2 December 2024

Asset classes

Equities

Benchmark index
Australian Equity Units

S&P/ASX 300 Accumulation Index

Global Equity Units

MSCI AC World Index (AUD)

Investment timeframe

Medium to long term proposition,
at least 5 years

Minimum initial investment

AUD $250,000

Minimum additional investment

Nil

Minimum withdrawal amount

Nil

Minimum balance

AUD $250,000

Apir code

A Class (Australian equities) ETL1530AU
G Class (global equities) ETL3248AU

Arsn

679 708 948

Social investment

1% p.a.*

Management fee

0% p.a.*

Performance fee

0% p.a.

*The Fund proposes to make the Social Investment Amount (donations to not-for-profit organisations) being an annual donation equal to 1% of the average monthly NAV of the Class for the relevant financial year. We are able to do this because the fund managers have agreed to provide their services for 0% management fees.

Social Impact

Driving economic equality and opportunity

As financial investors, we will drive change by progressively bringing a gender-lens into investment decisions.

As social investors, we will drive change by backing high impact non-profits advancing economic equality and opportunity – and we intend to measure the impact.

As women in finance, we are the change – working in a male-dominated field in which the gender pay gap exceeds 20% and rates of women in leadership positions lags other industries.

1% social investment

Our Fund Managers, Investment Committee, Advisory team, and service providers including Citigroup, Equity Trustees and Boardroom, all play a crucial role in supporting Future Generation Women by generously waiving their fees and/or providing their services pro bono.

As a result, 1% of average monthly net assets are donated annually to non-profits working to advance economic equality and opportunity for Australian women and their children – our social impact.

Our focus and approach

Australia’s ranking on the World Economic Forum’s Global Gender Gap Index for women’s economic participation and opportunity has dropped from 12th in 2006 to 42nd in 2024.

Closing this gap requires the actions of many to address key drivers: increasing women’s workforce participation; supporting female entrepreneurship; facilitating intergenerational wealth transfer and changing harmful attitudes about gender.

Future Generation Women will drive change on economic equality and opportunity by progressively providing funding to non-profits working to:

  • Enhance access to work for women most impacted by economic inequality
  • Improve foundational financial literacy and confidence among girls and young women
  • Enable positive gender norm formation among girls, boys and young adults

We apply an evidence-based investment approach to social impact, backing high-potential non-profits with untied funding to grow their impact. Using a Theory of Change and Impact Measurement Framework, we track individual partner’s progress as well as the reach and impact of the portfolio as a whole.

 

Women in Finance Awards 2025

We are honoured that Future Generation Women has been recognised as a Finalist in the Women’s Community Program of the Year category at the 2025 Women in Finance Awards.

This nomination acknowledges our commitment to advancing economic equality for women in Australia and reflects the dedication of our investors, pro bono fund managers, service providers and supporters who share our vision for a more inclusive and equitable Australia.

We are proud to be recognised alongside other organisations making a meaningful impact for women across the country.


Investment Committee

Anna Shelley

Chief Investment Officer at AMP

Geoff Wilson AO

Chairman and Chief Investment Officer of Wilson Asset Management and Founder of Future Generation

Allison Hill

State Chief Investment Officer of QIC

John Coombe

Executive Director at JANA Investment Advisers

Suzanne Branton

Chief Investment Officer of CareSuper

Bruce Tomlinson

Investment Director at Minderoo Foundation

Advisory

Elana Rubin AM

Chair of Australian Business Growth Fund, Non-Executive Director of Telstra and Dexus and Member of the Board of the RBA

Marianne Perkovic

Former Head of CBA Private and Investment Committee member of Insignia’s Investment and Superannuation Business

Elizabeth Lewin

Non-Executive Director at Argo Investments and Former CEO of UBS Wealth Management

Natasha Stott Despoja AO

Australian diplomat and former politician, and Member of the United Nation’s Committee on the Elimination of Discrimination Against Women

Caroline Gurney

Chief Executive Officer

Team

Caroline Gurney

Chief Executive Officer

Emily Fuller

Social Impact Director

Lee Hopperton

Chief Investment Officer

Elly McNee

Corporate Affairs Manager

Ingrid Pyne

Senior Editor & Corporate Affairs Advisor

Jana Tomasevic

Communications Coordinator

Document Library

Equity Trustees Limited (“Equity Trustees”) (ABN 46 004 031 298), AFSL 240975, is the Responsible Entity for Future Generation Women. Equity Trustees is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT).

This webpage has been prepared by Future Generation Women to provide you with general information only. In preparing this webpage, we did not take into account the investment objectives, financial situation or particular needs of any particular person. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. Neither Future Generation Women, Equity Trustees nor any of its related parties, their employees or directors, provide any warranty of accuracy or reliability in relation to such information or accepts any liability to any person who relies on it. Past performance should not be taken as an indicator of future performance. You should obtain a copy of the Product Disclosure Statement before making a decision about whether to invest in this product.