Simplify donates ETF’s $100,000 net profit to cancer group
The ETF is designed so that all net profits from managing the fund are donated to Susan G. Komen on an annual basis.
Celebrating the one-year anniversary of its Simplify Health Care ETF, which claims to be the first pro bono exchange-traded fund, Simplify Asset Management has presented a $100,000 check to the breast cancer organization Susan G. Komen.
The donation represents Simplify’s profits from one year of managing the ETF, an actively managed fund whose ticker symbol is PINK. The ETF is designed so that all of Simplify’s net profits from managing the fund are donated to Susan G. Komen on an annual basis, Simplify said in a press release Wednesday.
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