You can now invest in a racial-justice ETF backed by the NAACP

[endicom]

Market Watch
Anora M. Gaudiano
Nov. 28, 2017

Socially conscious investors can look forward to two new exchange-traded funds that aim to direct capital to companies that do well by minorities and women.

Using the values and mission of the National Association for the Advancement of Colored People, or NAACP, and the YWCA Metropolitan Chicago — and with a $300,000 grant from the Rockefeller Foundation — the not-for-profit Impact Shares on Tuesday launched the Minority Empowerment ETF and the Women’s Empowerment ETF.

The Impact Shares Minority Empowerment ETF, with the ticker symbol “NACP,” will invest in companies that empower minorities through hiring, pay and promotion practices as well as their products and services.

More... https://www.marketwatch.com/story/these-2-new-etfs-aim-to-support-companies-that-empower-minorities-and-women-2017-11-28

[Free Vulcan]

I thought financial stuff was all da white peoples thing. Wouldn't this be cultural appropriation?

[endicom]

I thought financial stuff was all da white peoples thing. Wouldn't this be cultural appropriation?

Capital appropriation?

[Free Vulcan]

Capital appropriation?

Did somebody say capital appropriation?

[IsailedawayfromFR]

No investor will look toward placing money into this fund.

Does not mean the fund will not attract money.

Sharpton, Jesse and the like will ensure during their shakedown exercises that a company is deemed to be racially tolerant by placing money into it.  So Sharpton, etc. can then skim their share.