Loyalty Preference Index, a wholly-owned subsidiary of diversity-and inclusion-driven financial methodology and data company LGBTQ Loyalty Holdings (LGBTQ Loyalty), has launched the LGBTQ + ESG100 ETF (NASDAQ: LGBT).
“I am thrilled that the launch of the LGBTQ + ESG100 ETF has arrived. Today is an important day for advancing equality, as we showcase companies that align and support the LGBTQ community through this announcement. Seeing the trading symbol ‘LGBT’ listed on Nasdaq is truly historic,” says Martina Navratilova, former Hall of Fame professional tennis player and member of the LGBTQ Loyalty board of directors.
The LGBTQ + ESG100 ETF is one of the first funds designed to serve the principles and values of the LGBTQ community and its allies. The fund provides investors with the methodology and results related to performance of the top corporations that embrace ESG principles in the workplace and advance equality. The LGBTQ + ESG100 ETF offers investors access to US large-cap equity securities of companies that have demonstrated a commitment to LGBTQ diversity and inclusion, along with ESG compliance, as part of their corporate social responsibility fundamental mandate.
“I’m very proud to be part of this doubly beneficial effort: it provides supporters of LGBTQ equality with access to investments that reflect their values, while simultaneously rewarding businesses that demonstrate that ethical behaviour and profitability are fully compatible,” says Barney Frank, Former US Congressman, Chairman of the House Financial Services Committee and member of the LGBTQ Loyalty board of directors.
The fund will track the LGBTQ100 ESG Index (LGBTQ100), powered by Fuzzy Logix, which identifies the top 100 corporations that most align with the LGBTQ community across America. It is the first-ever index to incorporate LGBTQ community survey data into the methodology, generating a benchmark of the nation’s highest-performing companies that are most committed to advancing equality.
For the 18-month period from November 2019 to April 2021, the Index generated a 43.84 per cent return versus a 37.65 per cent return for the S&P 500, while keeping volatility lower by 66 basis points of the benchmark. The Index was most recently reconstituted in March 2021.
“The launch of the much-anticipated LGBTQ + ESG100 ETF, is at a consequential time for the LGBTQ community and our supportive allies, and a monumental time for advancing equality. We are proud to provide investors with the means to invest in top corporations that align with their interests, and embrace equality, diversity and ESG principles in the workplace,” says Bobby Blair Executive Chairman of the Board.