A U.S. firm has launched a fund to invest in companies that are politically conservative or neutral and short 'woke' and ESG-focused.
's Strive Asset Management which was created in 2022 and now manages assets worth more than $1 billion, according to Business Insider.
But there is also a suggestion that not all such platforms are successful. Last month, 2nd Vote Funds shut two of its ETFs after it struggled to bring in assets to continue operations, according to the Financial Times. The fund appears to have ceased operations. Tuttle's fund will filter out companies that exhibit"woke" policies and those with high scores in environmental, social and governance, ESG, and investment approaches, its SEC filing showed."Companies that are totally neutral, not involved in any way, shape, or form, just tunnel vision, we make this product, we sell this product, not interested in all this other stuff, right or left doesn't matter," he said.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2023 BET Hip Hop Awards: Cardi B, 21 Savage and Drake Lead NominationsThis year's BET Hip Hop Awards air Tuesday, Oct. 10 at 9 p.m. on BET.
Read more »
RBC just raised its bet on this 'recession resistant' Canadian stock, giving it 20% upsideRBC's 'Focus List' stock picks have returned 11.3% in annual growth over the past five years, outperforming its benchmark.
Read more »
Hedge fund investor Dan Niles says Apple is now his largest single stock shortNiles broke down a number of reasons for his move, including the risk stemming from China's potential ban.
Read more »
Stock Market News Today: Dow Falls More Than 200 Points; AMC Stock in FocusLive coverage of what's moving stocks and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Read more »
Stock Market Today: Dow Edges Up, Nasdaq Slips 100 Points; Apple Stock Price RetreatsLive coverage of stocks and financial news, including the S&P 500, Dow and Nasdaq Composite.
Read more »
'It was like, wow, you could never short a stock again.' Hedge fund executive recalls when GameStop stock went parabolicWill England of Walleye Capital discussed the conversations the hedge-fund industry was having when GameStop stock shot through the roof.
Read more »