SAN FRANCISCO, December 08, 2021 (GLOBE NEWSWIRE) – Share capital Adasina (“Adasina”), an investment and financial activist firm that serves as a vital bridge between financial markets and social justice movements, today announced that the Adasina Social Justice All Cap Global ETF, ticker: JSTC, has reached 82 million dollars in assets in its first year. The fund’s growth reflects investor support for Adasina’s visionary approach, which harnesses the power of public markets to instill widespread and meaningful change for people and the planet.
Adasina’s JSTC is the first to follow a set of data-driven investment standards – known as the Adasina Social Justice Investment Criteria – created by working closely with justice movements social to identify the issues that most directly affect their communities.
The Criteria also inform Adasina’s impact datasets, which are made public through strategic investor campaigns aimed at influencing businesses and governments to change harmful practices that contribute to injustice. systemic. For example, in 2021, Adasina updated its Racial Justice Impact dataset to include publicly traded companies that hold prison bonds, allowing 20 companies to fully close their shares and / or their debts in the GEO and / or CoreCivic group, nine of which have specifically lowered their debt. (as of 9/2/21). This includes major holders such as Morningstar, Apollo, and Anthem. In addition, Barclays canceled its role as lead underwriter of a municipal bond sale to build prisons for CoreCivic, Inc.
“We are so inspired by the outpouring of support and involvement from those in our investor community who recognize the immense impact that JSTC and our investor campaigns can have as a vehicle for social justice,” said Rachel Robasciotti, Founder and CEO of Adasina. âReal change doesn’t happen in a vacuum – just as social justice issues are intersectional, so too are the many levers we use to engage investors. This is just the beginning of the continued impact we hope to have next year and beyond. ”
The Adasina Social Justice All Cap Global ETF (Symbol: JSTC) is a highly diversified, all-cap global fund designed to be a core strategy for investors with social justice values ââand comprised of common stocks of domestic and foreign issuers. , including those in emerging markets. The constituents of the index include large, mid and small capitalization companies.
To learn more about the Adasina Social Justice All Cap Global ETF, visit www.adasinaetf.com. For media inquiries, contact [email protected]
Adasina Social Capital (âAdasinaâ) is a financial activism and investment firm that serves as a vital bridge between financial markets and social justice movements for the benefit of people and our planet. Adasina uses four interlocking levers to implement large-scale systemic change: people, investments, campaigns and education.
We believe impact data from the community should set the standards for how publicly traded companies engage in racial, gender, economic and climate justice. With Adasina, investors can seek financial and social returns responsible for the well-being of the people and the planet they impact.
We are predominantly owned and operated by women, people of color and members of the LGBTQ + community. Adasina is headquartered in San Francisco and maintains client relationships across the United States. For more information, visit www.adasina.com.
Before investing, you should carefully consider the investment objectives, risks, charges and expenses of the Fund. This and other information is contained in the prospectus. A prospectus can be obtained by calling (415) 986-5500 or by visiting www.adasinaetf.com. Please read the prospectus carefully before investing.
Investing involves risks, including the potential loss of capital. There can be no assurance that the Fund’s investment strategy will be successful. Shares may trade at a premium or at a discount to their net asset value in the secondary market, and the fund’s holdings and returns may deviate from those of its index. These variations may be greater when the markets are volatile or subject to unusual conditions. The Fund is new and has a limited operating history. The Fund has a limited number of financial institutions authorized to buy and redeem shares directly from the Fund; and there may be a limited number of market makers or other liquidity providers in the market.
Investing in foreign and emerging markets involves currency, political and economic risks. Applying justice domain criteria aligned with climate, economy, gender, race and movement to the Fund’s investment selection process may exclude securities of certain issuers for non-financial reasons and therefore , the Fund may underperform the broader stock market or other funds which do not use similar criteria when selecting investments. Adasina is a newly registered investment adviser and has no long term history that an investor can judge. Investments in small and mid-capitalization companies may be more volatile and less liquid due to limited resources or product lines and more sensitive to economic factors. Securities of large-cap companies can be relatively mature compared to smaller companies and therefore prone to slower growth in times of economic expansion.
It is not possible to invest directly in an index.
Shares of the Fund are distributed by Foreside Fund Services, LLC.