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Impact Shares NAACP Minority Empowerment ETF is a non-profit ETF with an ESG strategy aligned with NAACP values. NACP has moderate value characteristics and is close to the Russell 1000 regarding sector breakdown. NACP has outperformed the benchmark since inception, showing that ESG principles are not always a drag for investors.
DALLAS--(BUSINESS WIRE)--Impact Shares is proud to announce the five year anniversary of its flagship product, the NAACP Minority Empowerment ETF (NYSE: NACP). Launched in July 2018 in partnership with the National Association for the Advancement of Colored People (NAACP), NACP remains the only ETF product on the market that allows investors to allocate capital to U.S. companies with strong racial and ethnic diversity policies in place. NACP tracks the Morningstar Minority Empowerment Index, wh.
ETF pioneer Bob Tull sees a missed opportunity in the asset manager's early exit decades prior.
The Black community remains systemically underrepresented across all bands of society, from city councils to business school faculties to the media. Within finance, the issue compounds, with a 2020 study finding that 79% of financial advisors identify as white, while on the corporate side, only four CEOs from the Fortune 500 in 2021 were Black.
Plus, expense ratio changes and other ETF developments occurred during the week.
The data-driven platform focuses on empowering underrepresented business leaders, making it a fitting investment for the organization. The NAACP doesn't typically tango with the venture capital world, but in an “unprecedented move,” it's taking an ownership stake in machine learning-powered startup Hello Alice.
An ETF with ‘ESG' in the name won't necessarily align your portfolio with your values.
Companies that don't take ESG factors into consideration will face consequences.
SEC filings for NACP aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.