Bringing you live news and features since 2006 

NAACP and Impact Shares launch NAACP Minority Empowerment ETF


Impact Shares, a 501(c)(3) nonprofit ETF platform, has launched the Impact Shares NAACP Minority Empowerment ETF (NACP) in partnership with civil rights organisation the National Association for the Advancement of Coloured People (NAACP).

NACP is designed to reflect NAACP’s values of justice, equality and inclusivity, and invests in large-cap companies that empower minorities including hiring, pay and promotion practices as well as their products, services and supply chains. The fund seeks investment results that generally correspond to the price and yield performance of the Morningstar Minority Empowerment Index, built in collaboration with Morningstar and Sustainalytics.
“The ongoing social issues affecting communities of colour present us with an opportune time to offer our members another way to advance our mission,” says Marvin Owens, Senior Director of the NAACP Economic Department. “The NACP ETF is the first of its kind in that investors can allocate money to the companies that have a track record of supporting the NAACP’s vision for corporate America and our constituents. Unlike other ETFs where operating profits are captured by a Wall Street investment firm, Impact Shares will direct its net advisory profits from this ETF back to the NAACP and to our mission as a non-profit.”
Impact Shares, itself a 501(c)(3) charity, will donate the net advisory proceeds it receives from each ETF it sponsors back to the collaborating partner nonprofit, creating meaningful engagement with corporate America and providing the investing public with more targeted, credible social-impact investing options.
“As investors seek more opportunities to use their wealth and consumption to encourage corporate America to align with their social priorities, we’re pleased to partner with the NAACP to make this vision a reality,” says Ethan Powell, CEO of Impact Shares.

Latest News

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by