You Can Now Invest In 'Republican' Mutual Funds
VALUES-BASED INVESTING OPTIONS FOR CONSERVATIVES have lagged behind those available to investors concerned about climate change, diversity and animal rights. Now conservatives are taking a page from liberal investors when it comes to their escalating criticism of technology companies that have banned former President Donald Trump and others from their platforms. The (ACVF) has just $5 million under management, but its promoters say the potential for growth is significant in a nation that’s increasingly politically polarized.
The fund “boycotts” Facebook Inc., Apple Inc., Google parent Alphabet Inc. and roughly 20 other companies that it views as overly progressive in their corporate politics. “There is no product for politically conservative people,” Bill Flaig, the founder and chief executive of the fund’s suburban Washington management firm, Ridgeline Research, told The Wall Street Journal’s John McCormick. “There is plenty of slicing and dicing for the other side.”
It has a counterpart on the liberal side of the spectrum— (DEMZ), a fund that holds shares in companies with at least 75% of their political contributions from senior executives and corporate PACs going to Democratic candidates and political-action committees.
Environmental, social and governance-based disclosure standards were frowned upon by Trump appointees at the Securities and Exchange Commission, where former Chairman Jay Clayton and conservative Commissioner Hester Peirce became some of the movement’s most outspoken critics. But that hasn’t stopped their explosive growth and rapid adoption by asset managers, who have profited from the rush of money into the funds.
https://www.wsj.com/articles/partisan-investment-funds-grow-out-of-political-divides-11616751000?mod=politics_lead_pos5
= new reply since forum marked as read
