WASHINGTON (SBG) — America's largest publicly traded companies are increasingly throwing their weight behind progressive social and political issues. One investment fund has rejected "woke" corporate culture and created an exchange-traded fund (ETF) for conservatives.
William Flaig has worked in investment management for over 25 years and is the founder and CEO of American Conservative Values ETF (ACVF), a $25 million fund that avoids investing in large-cap companies it determines have a liberal activist agenda.
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"Ultimately, I believe that companies that are involved in politics are doing their shareholders a disservice. They should be focused on maximizing the bottom line for the people who own their shares," Flaig said.
http://katu.com/news/nation-world/investment-fund-dumps-woke-companies