Anti ESG ‘God Bless America ETF’ has launched
Oct. 12, 2022 8:14 AM ET
God Bless America ETF (YALL) AMGN, NVDA, TSLA, MAGA
By: Jason Capul, SA News Editor 7 Comments
 Kutay Tanir/DigitalVision via Getty Images
Wall Street has received a new thematic exchange traded fund that works to fight against the growing ESG trend. The God Bless America ETF (NYSEARCA: YALL) launched on Tuesday, and finished slightly in the red as it dipped alongside the S&P 500 which also closed lower on the session.
YALL is an anti-ESG exchange traded fund that attempts to screen out companies that are listed as "activists." The ETF has been launched by Toroso Investments and is sub-advised by Curran Financial Partners.
Per the fund’s perspective: “The Sub-Adviser eliminates companies that, in the Sub-Adviser’s assessment, have emphasized politically left and/or liberal political activism and social agendas at the expense of maximizing shareholder returns.”
Moreover, YALL is an actively managed fund that is attached with a 0.65% expense ratio and will hold 30-40 companies. Of the ETF’s holdings, its top three positions are in Tesla ( TSLA), Nvidia ( NVDA), and Amgen ( AMGN). TSLA has a 7.98% weighting in YALL, whereas NVDA and AMGN have 5.79% and 5.06%portfolio stakes.
On Wednesday’s premarket trading session, YALL trades at $20.24 a share and has found itself +1.5%, after it closed lower by 0.5% on its debut. On its first trading day, YALL also experienced volumes of 502K. |
