LGBT fund shut down, biblical investing soars
By Robert Netzly, Christian Post:
LGBT activists are scratching their heads following the abrupt closure of a widely followed investment fund that was focused on LGBT advocacy and invested only in the stocks of companies which demonstrated outspoken support for LGBT acceptance and approval in the workplace.
The InsightShares “Workplace Equality” ETF (exchange traded fund), which traded on the New York Stock Exchange under the ticker EQLT, was launched on February 24th, 2014 and ceased trading two weeks ago on April 26th, 2019.
During its five full years of trading, EQLT enjoyed massive global exposure, high praise from major media outlets and even above average performance over most timeframes. EQLT was praised as the golden-child of a new age of progressive values among supposedly forward-thinking businesses and investors.
But EQLT was a complete failure.
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