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.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
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