A nonprofit investment manager is starting a group of “socially responsible” exchange-traded funds that could change the face of values-based investing. Their twist: a little help from the experts themselves.
Impact Shares Corp.’s NAACP Minority Empowerment ETF, ticker NACP, is expected to start trading Thursday on the New York Stock Exchange. The fund is the first in what the firm hopes to be a a series of ETFs that hone in on single issues rather than broad ESG strategies that focus on environmental, social and governance issues all together.
A nonprofit investment manager is teaming up with the nation’s oldest and largest nonpartisan civil rights organization to issue its own exchange-trade fund (ETF).
Impact Shares, the first 501(c)(3) nonprofit ETF platform, collaborated with the National Association for the Advancement of Colored People (NAACP) to launch the Impact Shares NAACP Minority Empowerment ETF.
Trading began Thursday on the NYSE Arca with ticker symbol NACP.
It was designed to reflect NAACP’s values and is the first of the firm’s planned ETFs that focus on single social issues rather than all-encompassing strategies that focus on environmental, social and corporate governance (ESG) principles.
Today, new ETF issuer ImpactShares is rolling out its first ETF in partnership with the NAACP. Although there are ETFs focusing on firms that military veterans, gender equality and support for LGBT employees in the workplace , the Impact Shares NAACP Minority Empowerment ETF (NACP) is the first ETF to specifically support the promotion of racial equality.
Impact Shares Corp., an investment management firm seeking to link nonprofits and exchange-traded funds, on Thursday introduced the Impact Shares NAACP Minority Empowerment ETF (NACP) that’s structured to reflect the social mission of the National Association for the Advancement of Colored People.
This is the first of what Frisco, Texas-based Impact Shares expects will be a series of ETFs tied to specific causes.
Impact Shares has announced the launch of its inaugural ETF, the Impact Shares NAACP Minority Empowerment ETF (NACP US) on NYSE Arca.
NACP is the first ETF from Impact Shares who is planning more funds that hone in on single ESG issues.
Introduced in partnership with civil rights organization the National Association for the Advancement of Colored People (NAACP), the fund invests in US large- and mid-cap equities from firms that empower minorities including hiring, pay and promotion practices as well as their products, services and supply chains.
The concept was originally developed with support from The Rockefeller Foundation’s Zero Gap initiative.
The underlying reference for the ETF is the Morningstar Minority Empowerment Index, built in collaboration with Morningstar and ESG analytics firm Sustainalytics.
If you don’t like the idea of investing in companies with poor records on issues like sexual harassment in the workplace or gender diversity in boardrooms, here’s a new option for you. The Impact Shares YWCA Women’s Empowerment ETF, launching in the first quarter of 2018, only contains the shares of companies with high grades on women’s issues.
Nonprofit leaders partnered with new, innovative nonprofit ETF platform Impact Shares
DALLAS – Nov. 28, 2017 –To coincide with National Giving Day, Impact Shares has filed for its first two exchange traded funds (ETFs), which are being developed in tandem with The National Association for the Advancement of Colored People (NAACP) and the YWCA Metropolitan Chicago. The concept was originally developed with support from The Rockefeller Foundation’s Zero Gap initiative.