Posted on 09/15/2021 3:21:44 PM PDT by Republican Wildcat
WASHINGTON (SBG) — America's largest publicly traded companies are increasingly throwing their weight behind progressive social and political issues. One investment fund has rejected "woke" corporate culture and created an exchange-traded fund (ETF) for conservatives.
William Flaig has worked in investment management for over 25 years and is the founder and CEO of American Conservative Values ETF (ACVF), a $25 million fund that avoids investing in large-cap companies it determines have a liberal activist agenda.
"A lot of products have come out that seem to focus on issues that don't really resonate with politically conservative investors," Flaig said. So he and ETF president Tom Carter built a fund for investors concerned about free speech, liberal media bias, Second Amendment rights, religious freedom and life. "Nothing like that existed or still exists, beyond my product."
Many investors are unaware of which companies they are supporting in their 401Ks, index mutual funds and other financial products, he said. "Once people become educated and they realize where their investment dollars are going, they don't like that. They're uncomfortable and they'd prefer an alternative."
(Excerpt) Read more at katu.com ...
Interesting... . Some of those boycotted companies I simply don’t patronize anyway.
” focus on issues that don’t really resonate with politically conservative investors”
That “focus” too often has nothing to do with the business they’re in, or does nothing to add to their bottom line. That’s why is doesn’t resonate with investors.
A nothing
$25 million fund? Really? $25 billion would be more viable and more likely to make money. Verdict : Not worth the investment or worry.
Though ACVF’s return since conception is decent, their “conservative values” hook appears to be more a gimmick than adherence to a set of values. ACVF’s largest holding is MSFT - by no means a company with conservative values. The rest of their portfolio is chock full of Leftist and “woke” companies:
https://acvetfs.com/fund/etf-fund/
If you don’t mind their fee structure/sales charges, The Timothy Funds (TimothyPlan.com) is a far more principled set of funds for those seeking conservative, Biblical values.
People who commit capital based on politics, left or right, deserve the crap returns they get.
Woke Corporation Dump - bump for later...
While money itself may be agnostic, when you invest capital, you fund whatever the capital you invest is funding. Evil often yields great financial returns, but I prefer to prioritize eternal returns over temporal.
That said, there are far too many people using religion/conservative values as a cloak for corruption or incompetence.
Hmmm... some of his boycotted companies’ stocks have been berry-berry good to me... as in up 10-fold, 20-fold, even 30-fold over the last 10-15 years. Politics is politics, and business is business.
The Woke Companies are going to prevail upon their wholly p0wned Gov’ts to CRUSH the non-Woke Companies over [a short] time.
$25m is a joke.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.