Wall Street has received a new thematic exchange traded fund that works to fight against the growing ESG trend. The God Bless America ETF (NYSEARCA:YALL) launched on Tuesday, and finished slightly in the red as it dipped alongside the S&P 500 which also closed lower on the session.
YALL is an anti-ESG exchange traded fund that attempts to screen out companies that are listed as “activists.” The ETF has been launched by Toroso Investments and is sub-advised by Curran Financial Partners.