Index provider LGBTQ Loyalty has partnered with direct indexing platform C8 Technologies to enable asset owners to track its LGBTQ100 ESG index with their own brokers.
The LGBTQ100 ESG index is comprised of US companies that promote equality in the workplace for employees of all gender and sexual orientation, have a strong track record of loyalty with the US-based LGBTQ+ community and have a consistently strong financial performance history.
LGBTQ Loyalty plans to add several other diversity and equality-driven indices onto C8 Technologies’ platform.
The platform enables asset managers to trade the underlying assets of an index and keep full control of their capital.
LGBTQ Loyalty launched the index in November 2019, screening the 500 largest companies in the US includes stocks such as Facebook, Amazon, Apple, Netflix and Google.
Larry Roan, director of LGBTQ Loyalty commented: “We are now in a position to provide supporters of LGBTQ inclusion and equality with the power to influence the allocation of capital.
“The LGBTQ100 ESG index has outperformed the S&P 500 by over 3% since it listed on the NYSE. When back-tested over the last five years, the Index beats the S&P by 35%.”
Martina Navratilova, board member of LGBTQ Loyalty, added: “Diversity is a business necessity, from now on investors are empowered to learn about diversity via the LGBTQ100 ESG index.”