Sometimes in life, you have to make tradeoffs. For example, try to make the world a better place vs. try to get a good return on your investment. But what if you don’t have to trade one goal for another? What if you can invest, while doing good? Equality Works aims to do just that.
What’s this investment all about?
About 8 million Americans identify as lesbian, gay, bisexual, and transgender (LGBT). That’s more than three percent of the population – or about the number of people who live in New Jersey. LGBT employees deserve to be treated with fairness and respect in the workplace; they shouldn’t face discrimination when it comes to hiring, benefits, or other workplace practices. At the same time, all other things being equal, companies that treat LGBT talent may have an advantage over companies that don’t. Equality Works is our name for The Workplace Equality Portfolio (Ticker: EQLT), an exchange-traded fund (ETF).
What companies does this investment include?
Equality Works includes 243 large US and foreign companies that have equal employment opportunity (EEO) policies that prohibit discrimination based on sexual orientation and gender identity, among other corporate benefits and privileges. Many of the companies are household names, such as Mattel Inc., Coach Inc., Viacom Inc., Time Warner Inc.,Verizon Communications Inc., ATT Inc., Facebook Inc., The Kraft Heinz Co., McDonald’s Corp., PayPal Holdings, Inc., GlaxoSmithKline., Campbell Soup Co., Procter Gamble Co., Starbucks Corp., Clorox Co. and Target Corp.
Who is this investment for?
Equality Works could be for you if you think companies that treat LGBT employees fairly could a better job of attracting and motivating LGBT talent, and could be more successful as a result. It could also be for you if you believe these companies are doing the right thing, and that’s important to you.
Why did it make the cut for Stash?
The index behind Equality Works has been around since 2001. Equality Works was named one of “5 Top-Rated Global ETF Picks” by Zacks Equity Researchin 2015, and one of “5 Ways to Invest in LGBT Rights for Great Returns” by US. News & World Report.
What are some other Stash investments like this one?
If you are looking to invest along with your beliefs, here are a few other Stash investments to consider:
- Clean & Green: Companies that produce energy from renewable sources like the sun and the wind.
- Defending America: Aerospace and defense companies that help protect our country.
- Do the Right Thing: Companies that care about sustainability, human rights and giving back.
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