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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.
The ETF, or Exchange Traded Fund, is one several impact-themed funds being launched by a Texas startup called Impact Shares next year, each with the name of a well-known nonprofit attached (the initial ETF is actually backed by YWCA Metropolitan Chicago). The National Association for the Advancement of Colored People (NAACP) is also launching an ETF that empowers people of color through hiring, remuneration, and promotion policies. And others like Oxfam and Habitat for Humanity may not be long behind. They are in discussions with Impact Shares about ETFs around global poverty alleviation and affordable housing. ETFs are made up of basket of stocks, but unlike conventional index or mutual funds, they are tradable like common stocks. That potentially opens impact investing to more people.
Read the full article about new funds that let you invest according to values by Ben Schiller at fastcompany.com.