A Note from Marguerita Cheng, CFP® Pro — I invite you to tune in for this week’s episode of my podcast and video show, Margaritas with Marguerita, where for 15 minutes each Friday at 5pm EST, women learn from industry experts how to flex their financial muscles.
Today’s guest: Andrew Chanin, co-founder and CEO of Procure Holdings
Our topic: LBGTQ and ETF
About Andrew — The co-founder and CEO of Procure Holdings, a holding parent company of diversified subsidiaries specializing in asset management consulting services and intellectual property. He also created an organization called PureFunds, which captured $1.5B in assets under management in their theme-based ETFs, the most notable being the world’s first cyber security ETF.
Andrew began his ETF career in 2007, working for the specialist firm Kellogg Group. Andrew quickly worked his way up from clerk to Lead Market Maker for global and international equity ETFs helping the company transition from its core American Stock Exchange ETF specialist business to NYSE Arca ETF market making. In 2009 he was recruited by Cohen Capital Group to build out the firm’s ETF trading capabilities. At Cohen Capital Group, Andrew held the title of Director of International Trading. He made markets in a variety of ETFs across various asset classes while helping to develop multiple global and international equity/ETF trading strategies for the company’s prop trading division.
Please scroll down for more details about his company!
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LGBTQ Loyalty Holdings: Connecting underserved communities to the corporations that support them
LGBTQ Loyalty Holdings is a diversity- and inclusion-driven financial methodology and data company that seeks to connect marginalized communities to the companies that best support the advancement of equality and the larger investment community. LGBTQ Loyalty advocates for these underserved communities by providing them with opportunities to align their investments with their values while also engaging with companies in corporate America that support them.
The inspiration for the company came when CEO Bobby Blair realized the LGBTQ community is often very loyal to the brands that support them but has been underserved by the investment community. As a result, he founded LGBTQ Loyalty Holdings in 2018 to aid the LGBTQ community by creating the first-of-its-kind LGBTQ100 ESG Index (powered by Fuzzy Logix), followed by the LGBTQ + ESG100 ETF (ticker: LGBT) that tracks it.
The LGBTQ100 ESG Index incorporates LGBTQ community input from Harris Poll data and ESG compliance standards, creating a unique differentiator for the index by heavily involving the community in deciding which companies are ultimately included. The creation of this index allows investors within the LGBTQ community and their allies to vote with their wallets, sending a powerful message that companies will be rewarded for supporting marginalized communities and advancing equality.
Companies often show solid performance if they are good corporate citizens, respect the environment and emphasize the diversity among their employees. As the LGBTQ + ESG100 ETF grows, so will the wealth of its investors and the influence of the LGBTQ community.
LGBTQ Loyalty is led by a board of directors with extensive experience in sports, politics, investing, and ETFs. They are also leaders of and strong advocates for the LGBTQ community:
- Bobby Blair, founder, and CEO is a former professional tennis player and a businessman and publisher of LGBTQ+ media content who seeks to connect marginalized communities to the companies that support them.
- Barney Frank, a former U.S. congressman, and the highest-ranking, longest-serving, openly gay politician, works to further LGBTQ+ and human rights.
- Martina Navratilova, a former Wimbledon champion enshrined in the International Tennis Hall of Fame, is also a well-known champion of equality.
- Billy Bean is a former Major League Baseball player and current MLB executive who, like Navratilova, knows how it feels to struggle with coming out and wants to work to further LGBTQ+ inclusion and end discrimination.
- Orlando Reece is Vice President, Category Development Officer at Univision Communications with decades of experience in media and communications, including as CEO of Pride Media, Inc.
- Andrea Breanna is the founder and CEO of RebelMouse, a strategic content management system and agency that powers some of the most well-known websites globally, and former Chief Technology Officer of Huffington Post. Breanna is the first transgender member of LGBTQ Loyalty’s board of directors.
With this wealth of experience and the emphasis on LGBTQ community preferences when determining the 100 companies included in the index, LGBTQ Loyalty Holdings is at the forefront of bringing equality and inclusion to the investment world.
Please consider the Fund’s investment objectives, risks, charges, and expenses carefully before investing. This and other important information is contained in the Fund’s summary prospectus and prospectus, which can be obtained by visiting www.PALETFs.com or calling 1-866-690-3837. Before you invest, read carefully.
Investing involves risk. Principal loss is possible. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV, and are not individually redeemed from the funds. Brokerage commissions will reduce returns. Additional Fund risks include Technology Sector Risk, Healthcare Sector Risk, Finance Sector Risk, Concentration Risk, Cyber Security Risk, and Liquidity Risk. For further information, please see the prospectus.
This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change.
A strategy or emphasis on environmental, social, and governance factors (“ESG”) may limit the investment opportunities available to a portfolio. Therefore, the portfolio may underperform or perform differently than other portfolios that do not have an ESG investment focus. A portfolio’s ESG investment focus may also result in the portfolio investing in securities or industry sectors that perform differently or maintain a different risk profile than the market generally or compared to underlying holdings that are not screened for ESG standards.
Please read the ETF’s prospectus and its risk disclosure before investing.
Certain statements may constitute a forward-looking statement, including those identified by the expression “expect” and similar expressions (including grammatical variations thereof). The forward-looking statements are not historical facts but reflect the author’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking statements. These forward-looking statements are made as of the date hereof, and the authors do not undertake to update any forward-looking statement that is contained herein, whether as a result of new information, future events, or otherwise unless required by applicable law.
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