LGBTQ Loyalty Holdings, Inc. and ProcureAM, LLC Launch Advancing Equality Financial Network, Inc
May 28, 2020 at 08:00 am EDT
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LGBTQ Loyalty Holdings, Inc. announced a new wholly-owned, joint venture, Advancing Equality Financial Network, Inc. The company, through its wholly-owned subsidiary, Loyalty Preference, Inc, has entered into the joint venture with ProcureAM, LLC. The focus of this new venture will be bringing a suite of thematic ESG (Environmental, Social and Governance) Index financial products to market, promoting diversity and inclusion (D&I) practices of leading corporations. Included in the portfolio is the LGBTQ100 ESG Index (NYSE Index Ticker: LGBTQ100), the first financial index centered on representing LGBTQ equality in Corporate America, which was established and listed in the fourth quarter of 2019. The portfolio of Index products to be created will also benchmark and sponsor exchange-traded products (ETPs), offering a unique platform for the creation of both proprietary and partnered D&I impact ETPs.
LGBTQ Loyalty Holdings, Inc. is a financial methodology and media company. The Company is focused on unlocking the purchasing power of the LGTBQ community globally by offering a LGBTQ Index and core ETF portfolio that attract institutional investors and corporations. It provides the Loyalty Preference Index (the Index ETF), branded as the LGBTQ100 ESG Index, which is an environmental, social, and governance (ESG) Index. Its LGBTQ100 ESG Index integrates lesbian, gay, bisexual, transgender, and questioning (LGBTQ) community survey data into the methodology for a benchmark listing of the nations financially performing large-cap publicly listed corporations. The Index ETF provides the LGBTQ community and their allies with various Fortune 500 companies that support and implement diversity, inclusion, and equality policies within their organizations. The Company, through its wholly owned subsidiary, Loyalty Preference Index, Inc. (LPI), provides an index for the LGBTQ + ESG100 ETF.