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UBS Announces Launch of the InsightShares Patriotic Employers ETF
Traders Magazine Online News, February 12, 2018
UBS Investment Bank announced the launch of the InsightShares Patriotic Employers ETF, the second exchange traded fund ("ETF") issued under the "InsightShares" brand. This ETF offers the opportunity to invest in a socially conscious strategy, focusing on the employment of U.S. military veterans.
"We believe this is an innovative way for investors to express their support for the veteran community," said Richard Cea, Executive Director of Exchange Traded Products at UBS. "This ETF provides investors with exposure to companies that recognize the value of our nation's veterans to the workforce."
A portion of the revenues generated by this ETF will be donated to veterans-related charities through the UBS Optimus Foundation.
InsightShares Patriotic Employers ETF (Ticker: HONR)
Created and offered by Exchange Traded Concepts, HONR is designed to track the performance of the Military Veterans IndexTM (USVETSTR). The Military Veterans IndexTM is provided by UBS AG and is designed to track the price movements of U.S companies with policies, practices, and outcomes that support the employment of U.S veterans, as determined by Victory Media's Military Friendly(r) Employer ratings*. For inclusion in the index, companies must meet minimum thresholds for liquidity and profitability, as well as be deemed Military Friendly(r).
*Military Friendly(r) Employer ratings are owned and operated by a veteran-owned business and are not affiliated with or endorsed by the Department of Defense or any federal agency.
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