ETF tracking LGBTQ index is launched

The exchange-traded fund tracks an index of U.S. large-cap companies that have a commitment to LGBTQ diversity and inclusion.

LGBTQ Loyalty Holdings, a West Hollywood, California-based financial methodology and data company, has launched an exchange-traded fund tracking an index of U.S. large-cap stocks whose issuers “have demonstrated a commitment to LGBTQ diversity and inclusion,” the company said in a release.

The fund, the LGBTQ + ESG100 ETF, is listed on Nasdaq. It tracks the LGBTQ100 ESG Index, which identifies the 100 corporations that are most closely aligned with the LGBTQ community across America.

The index is the first to incorporate LGBTQ community survey data into its methodology, according to Loyalty Preference Index, a subsidiary of LGBTQ Loyalty Holdings.

“Seeing the trading symbol ‘LGBT’ listed on Nasdaq is truly historic,” Martina Navratilova, a member of the LGBTQ Loyalty board of directors, said in a press release.

[More: Companies that support LGBTQ-inclusive policies outperform: Credit Suisse]

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