Social investing has grown in popularity over the past few years. As those who follow our website are aware, social investing allows people to invest in companies based on their own personal moral belief system.
For 2019, there are two well known ETFs that we want to bring to your attention as you consider investment strategies.
InsightShares LGBT Employment Equality ETF (NYSEArca: PRID) is among a new breed of socially responsible investments. Specifically, PRID includes large- and mid-capitalization U.S. stocks of companies with workplaces that promote and provide equality for lesbian, gay, bisexual and transgender, or LGBT, employees based on their score in the Human Rights Campaign Foundation’s Corporate Equality Index.
InsightShares Patriotic Employers ETF (NYSEArca: HONR), which is comprised of large- and mid-capitalization U.S. stocks of companies with policies and practices determined to be Military Friendly. HONR allows investors to do good and do well at the same time by supporting veterans who have sacrificed so much for our freedom and investing in a product that offers attractive potential returns.
There are many others such as the SHE ETF which allows people to invest in companies with a high focus on female workers.
In the end social investing is a great way to get into the investing game, make money, and still keep your moral belief system in tact.