Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Capital on the Frontier Best Practices Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

Impact Shares’ minority empowerment ETF launches to the public



ImpactAlpha, July 18 – Impact Shares, a non-profit investment manager based in Dallas, partnered with the NAACP late last year to develop an investment vehicle to simultaneously create higher-impact mainstream investment opportunities and create a funding stream for the NAACP.

The exchange traded fund, which trades with the ticker NACP, is going live on the New York Stock Exchange. Impact Shares is also partnering with the YWCA to launch a women-focused ETF.

“The goal is to have a platform that’s a barometer for social prioritization,” Impact Shares’ Ethan Powell told ImpactAlpha. “If you look at Black Lives Matter and #MeToo, this is the natural evolution of those movements into the boardroom and public policy debate.” 

The NAACP ETF was developed in partnership with corporate ESG ratings agency Sustainalytics and investment research firm Morningstar. The NAACP identifies 10 screening critiera that reflect companies’ support for and commitment to minority employees and communities. Sustainalytics then identified the 200 most highly ranked publicly traded companies against those screening criteria, and Morningstar selected the stocks and weighed the portfolio using the Russell 1000 index. All proceeds from the ETF will be directed back to the NAACP.

The “NACP” ETF launch follows the NAACP’s annual convention this week in San Antonio. Powell said that in addition to its partnerships with the NAACP and YWCA, ImpactShares is exploring ETF development around the U.S. opioid crisis, infrastructure development in low-income countries and even gun control.

“This is a platform for [corporate] social engagement,” Powell said.“The social screens are all public, and the methodology is transparent. It brings corporations to the table and shows how they can be leaders on these issues.”

You might also like...