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

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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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