Sallie Krawcheck, the former executive at Bank of America Corp. and Citigroup Inc. who has worked to promote women as business leaders, is teaming up with a money manager for an index fund focused on women.

The Pax Ellevate Global Women’s Index Fund will seek investment returns that match or exceed the performance of the Pax Global Women’s Leadership Index, according to a statement today by Pax World Management LLC and Ellevate Asset Management LLC, whose principal is Krawcheck.

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