Alternative Investments/ESG: An ETF That Aligns With LGBTQ Diversity And Inclusion, Along With ESG
The new ETF is launched by LGBTQ Loyalty Holdings.
Loyalty Preference Index, Inc., a wholly-owned subsidiary of LGBTQ Loyalty Holdings, Inc., announced Tuesday the launch of the LGBTQ + ESG100 ETF (NASDAQ: LGBT). The ETF provides investors with exposure to equity securities of companies that have demonstrated a commitment to LGBTQ diversity and inclusion, along with ESG compliance, as part of their corporate social responsibility fundamental mandate. (Intrado GlobeNewswire)
Equality in the workplace
The new ETF is a pioneer that allows the investing world to appreciate the principles and values of the LGBTQ community. The fund will focus on the top corporations that embrace ESG principles in the workplace and advance equality.
“Today is an important day for advancing equality, as we showcase companies that align and support the LGBTQ community through this announcement,” said Martina Navratilova, former Hall of Fame professional tennis player and member of the LGBTQ Loyalty board of directors. “Seeing the trading symbol ‘LGBT’ listed on Nasdaq is truly historic.”
The ETF will track the LGBTQ100 ESG Index, which identifies the top 100 corporations that most align with the community across America.
“It provides supporters of LGBTQ equality with access to investments that reflect their values, while simultaneously rewarding businesses that demonstrate that ethical behavior and profitability are fully compatible,” said Barney Frank, Former U.S. Congressman, Chairman of the House Financial Services Committee and member of the Loyalty board of directors.
The ETF has an expense ratio of 0.75% and features 100 holdings.
Related Story: Gabelli Launches The “Love Our Planet & People (LOPP)” ETF
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