How the first nonprofit ETF issuer can change socially responsible investing | foxbusiness.com

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.

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