Don’t want to invest in Elon Musk? Two new ETFs explicitly exclude him
Subversive Capital has filed for two new ETFs that specifically exclude companies associated with Elon Musk, such as Tesla and SpaceX. These funds aim to provide investors with a way to avoid exposure to Musk's businesses due to his controversial public behavior and political stances.
Why it matters
This reflects a growing trend of values-based investing where retail investors seek financial products that align with their personal or political ethics regarding high-profile public figures.
In the lead up to the SpaceX IPO , there were dozens of stories about early employees and investors who stood to make millions of dollars for betting on, or working for, Elon Musk.
The article reports on a financial product filing neutrally, though it acknowledges the controversial nature of the subject's public actions.
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