The Dallas-based non-profit investment manager Impact Shares is partnering with YWCA Metropolitan Chicago and the NAACP on two social-justice exchange-traded funds, bundles of stocks listed on a stock exchange.
The Impact Shares YWCA Women’s Empowerment ETF will focus on public companies committed to women’s empowerment through health or workplace advancement.
The Impact Shares NAACP Minority Empowerment ETF will focus on companies dedicated to minorities’ empowerment through hiring, fair wages, promotion practices and products and services.
The two ETFs will be listed on the New York Stock exchange as WOMN and NACP respectively. They are expected to launch in January.
Proceeds raised from each ETF will be directed back to the YWCA and NAACP.