Azoria Partners Announces Launch Plan for Anti-Woke ETF
Azoria Partners has announced plans to launch an ETF that excludes companies considering DEI (Diversity, Equity, Inclusion) factors. This new fund, labeled as the 'Anti-Woke ETF', reflects Azoria's belief that DEI policies negatively impact stock prices. Starbucks has been targeted as a key company, and the launch announcement will be held at the Trump Resort in Florida.
The ETF, named 'S&P Meritocracy' with the ticker SPXM, is set to officially launch early next year. Azoria claims that DEI policies harm shareholders, and thus, they intend to exclude such companies, which could create significant market reactions. This initiative is part of a broader anti-woke trend, drawing attention from conservative investors.
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