GREENWICH, Conn.--(BUSINESS WIRE)--Tuttle Capital Management, TCM, today announced the launch of their latest Exchange Traded Fund, ESGX, which will start trading today on the Chicago Board Options Exchange.
ESGX allows investors to choose a portfolio of companies that follow the common sense notion that companies that focus on profits are better for investors than companies that don’t.
ESGX follows the AJN Shareholders First Index which tracks the performance of a portfolio of U.S. companies that focus on profits, not politics or trendy activisms of the moment.
ESGX reflects the belief that companies that solely focus on profits for their shareholders should produce better returns for their shareholders than companies that get distracted by political, ESG and DEI issues.
Announcing ESGX, Matthew Tuttle, CEO of Tuttle Capital, said, “Too many companies today put ESG and DEI politics first and their shareholders’ profits last. ESG has become a way for liberal executives and large investors to enact social changes that they can’t pass at the ballot box. CEOs are often pressured to cave to the trendy politics of the moment, even if it’s not in the best interest of their shareholders. That’s why we’ve launched ESGX – to put shareholders and profits first.”
Tuttle continued, “If an investor rejects ESG investing, and instead wants to invest in companies that place their shareholders’ profits ahead of politics, there really has been no option in the marketplace until now.”
About Tuttle Capital Management
TCM creates ETFs and investment strategies that put investor profits over the trend politics or activisms of the moment. We ignore the conventional wisdom which is often neither conventional or wisdom.
Important Risk Disclosures
ETFs involve risk including possible loss of principal. There is no assurance that the Fund will achieve its investment objective.
Equity Risk: The value of the equity securities held by the Fund may fall due to general market and economic conditions, perceptions regarding the industries in which the issuers of securities held by the Fund participate, or factors relating to specific companies in which the Fund invests.
Sector Focus Risk: While the Fund's sector exposure is expected to vary over time based on its composition, it may invest a significant portion of its assets in one or more sectors and thus will be more susceptible to the risks affecting those sectors.
Shares of these ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the ETFs.
Brokerage commissions will reduce returns. NAVs are calculated using prices as of 4:00 PM Eastern Time. The closing price is the midpoint between the bid and ask price as of the close of exchange. Closing price returns do not represent the returns you would receive if you traded shares at other times.
Investors should carefully consider the investment objectives, risks, charges and expenses of the ETF. This and other important information about the ETF is contained in the Prospectus, which can be obtained by visiting www.shareholdersfirstetf.com. The Prospectus should be read carefully before investing.
ESG stands for Environmental, Social and Governance. DEI stands for Diversity, Equity and Inclusion.
Distributed by Foreside Fund Services which is not affiliated with Tuttle Capital Management.
