So a New LGBTQ ETF Just Hit Wall Street..

There’s a new ETF on the scene that was launched by LGBTQ Loyalty Holdings — but is it worth investing in?

Photo Credit: Sara Rampazzo, Unsplash

Over the weekend I was scrolling through CNBC when I came across an article about a new ETF that was recently launched called “LGBTQ + ESG100”.

Intrigued, I clicked the article to see what the new ETF was about.

LGBTQ Loyalty Holdings and ProcureAM launched the ETF, aiming to invest in the top 100 companies that most align with the group’s value system.

Because I want the micro-details of EVERYTHING, I went to the SEC’s site and found the following criteria for identifying companies that would qualify to be part of the ETF; those companies must:

• Nurture and promote equality in the workplace for employees of all gender and sexual orientation;
• Have a history of consistently strong financial performance
• Hold either a strong track record of loyalty and brand awareness among the US-based LGBTQ community or observe high standards on environmental, social, and governance issues.

Let’s Take a Peek Into the ETF’s Holdings: