ETF tracking LGBTQ index is launched

The exchange-traded fund tracks an index of U.S. large-cap companies that have a commitment to LGBTQ diversity and inclusion.

LGBTQ Loyalty Holdings, a West Hollywood, California-based financial methodology and data company, has launchedan 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.

[More: Companies that support LGBTQ-inclusive policies outperform: Credit Suisse]

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.

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