Wisconsin Investment Board invests in corporate culture ETF driven by the Human Capital Factor

A recent article in Pensions & Investments by Kathie O'Donnell highlights the link between company culture and future equity performance.

"'SWIB's investment came shortly after the Harbor Corporate Culture ETF launched in October, according to Kristof Gleich, president and chief investment officer of Harbor Advisors, the fund's investment adviser. SWIB 'ultimately saw what we saw, Mr. Gleich said in a recent interview.

Harbor believes that Irrational Capital's human capital factor is a 'new investment factor that isn't explained by other well-known factors like quality or momentum or value,' Mr. Gleich said. 'We think it's unique.'"

Read more at P&I.