VETZ, the Academy Veteran Impact ETF, listed on the New York Stock Exchange on Wednesday.

Academy Asset Management introduced the Academy Veteran Impact ETF (NYSE Arca: VETZ) on the New York Stock Exchange during the week. VETZ’s primary objective is to generate income by investing in loans for U.S. service members, military veterans, their survivors, and businesses owned by veterans. The main purpose of this fund is to facilitate the flow of capital to veterans, resulting in lowered borrowing costs for both veterans and their families.

Academy Asset Management is a fixed income specialist and is owned and operated by disabled veterans. Their primary objective is to create opportunities for veterans, and as part of their initiative, they pair veterans with experienced Wall Street veterans for mentorship. (VettaFi Previously ETF Trends)

According to AAM, obtaining credit can be challenging for veterans, especially when purchasing a home at their duty station. Younger service members with families often face difficulties in this regard. VA home loans are crucial for service members and veterans looking to become homeowners.

Starting a small business can also be challenging for veterans, as their military experience may not directly translate into the private sector. This makes finding an underwriter particularly difficult.

According to Todd Rosenbluth, head of research at VettaFi, supporting the military and veterans through VETZ provides a unique opportunity, leveraging the liquidity and accessibility of ETFs.

VETZ comes with an expense ratio of 0.35%, and a portion of the fund’s management fee will be donated by AAM to charities related to veterans and the military.

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