Alternative Investments/ESG: “God Bless America,” An Anti-Activism ETF On The Cards

The fund will avoid companies that have adopted activist agendas at the expense of shareholder returns.

Tidal ETF Trust filed on July 13 for listing an actively-managed ETF named “God Bless America” under the ticker “YALL” on a national securities exchange. The politically-themed ETF will avoid investments in companies that “have emphasized political activism and social agendas at the expense of maximizing shareholder returns,” for example, abortion, a “hot-button” political item with no bearing on their business. The investible companies should also have a track record of creating American jobs. (OBSERVER)

The God Bless America ETF (YALL)

In many ways, therefore, the proposed ETF is a counter-ESG product with a conservative slant, and will invest in a selection of 30-40 companies across all the market sectors but with market capitalizations of at least $1 billion.

The fund will be advised by Toroso Investments and sub-advised by Curran Financial Partners.

Previously launched politically oriented ETFs include the GOP Stock Tracker ETF (MAGA), launched in 2017 by Point Bridge Capital. It has a brief to invest only in companies that “align with Republican political beliefs.”

In 2020, Reflection Asset Management launched DEMZ Political Contributions ETF (DEMZ), a Democratic-themed fund. It invests only in companies that make at least 75% of their contributions to Democratic campaigns and political action committees.

No details of fees were provided in the filing for the God Bless America ETF (YALL).

Related Story: Franklin Templeton Launches ETF Focused On Emerging Market Debt, Catholic Principles, And Sustainability

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