Benzinga | Apr 5, 2021 12:57PM EDT

Democracy International Fund Launch First ETF

Democracy Investments, a new company focused on promoting democracy by influencing capital flows, announced the launch of its first product, the Democracy International Fund ETF (DMCY).

"DMCY is designed to empower investors to invest in the future of democracies, instead of passively investing in authoritarian states with political risk, environmental challenges and human rights abuses," said Julie Cane, CEO of Democracy Investments. "Democracy is declining globally, but we hope the potential success of this ETF will reverse that trend and fuel a movement to lower the cost of capital for democratic countries and improve their economic growth."

DMCY seeks to track as closely as possible, before fees and expenses, total return performance of the Democracy Investments International Index (TICKER:DMCYTR) (the "Index"). Democracy Investments has an exclusive global license of The Economist's Democracy Index, which is used as an overlay in the Index's proprietary model. Securities are weighted by their Democracy Score based on country of risk. The resulting democracy-weighted index over weights securities in democratic countries and under weights those in authoritarian states. The Economist's 2020 Democracy Index can be downloaded here.