TOV ETF’s Speedy Rise: $100 Million Milestone Reached In Underneath Two Weeks – EA Collection Belief JLens 500 Jewish Advocacy U.S. ETF (ARCA:TOV)

The JLens 500 Jewish Advocacy U.S. ETF TOV has hit a serious milestone on Feb. 27 – crossing $100 million in property beneath administration (AUM) in lower than two weeks since its launch. This fast development underscores sturdy investor curiosity in an ETF designed to fight antisemitism, assist Israel and uphold Jewish values in company America.

The fund’s ticker image, “TOV,” means “good” in Hebrew, reflecting its mission to align monetary targets with moral and spiritual values. TOV tracks the JLens 500 Jewish Advocacy U.S. Index, which incorporates the five hundred largest U.S. public firms whereas screening for his or her alignment with Jewish values. Firms are evaluated based mostly on key advocacy rules corresponding to combating antisemitism, supporting Israel and selling moral enterprise practices. Not like conventional ETFs, TOV does not simply observe an index, it additionally serves as a platform for shareholder advocacy.

JLens, an affiliate of the ADL, actively engages with firms via proxy voting, dialogue with administration, and different initiatives to make sure Jewish communal pursuits are represented within the company world.

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TOV’s profitable launch was fueled by seed investments from a number of main Jewish organizations, together with the ADL Basis, the Atlanta Jewish Basis, the Goodman Household Basis and the Jewish United Fund of Metropolitan Chicago. Their assist helped push the fund previous the $100 million AUM mark in document time.

Jonathan A. Greenblatt, CEO and Nationwide Director of the Anti-Defamation League (ADL), emphasised the ETF’s significance. “The dramatic development of TOV’s property to $100 million – in simply the quick time since its launch – clearly demonstrates that traders see the worth in having a further instrument to answer the rising tide of antisemitism and hate.”

The ETF mirrors the efficiency of the JLens 500 Jewish Advocacy U.S. Index with a web expense ratio of simply 18 foundation factors. It primarily follows a replication technique however might use consultant sampling on the discretion of fund advisors. TOV’s launch comes at a essential time, as ADL knowledge reveals over 10,000 antisemitic incidents had been recorded within the U.S. within the yr after the October 7 assault. Moreover, JLens analysis discovered that greater than 75 of the biggest U.S. firms had been focused by Boycott, Divest and Sanctions (BDS) campaigns, pressuring them to chop financial ties with Israel.

By providing a approach to combine faith-based rules with funding methods, TOV gives a novel avenue for Jewish traders to make their voices heard whereas looking for aggressive monetary returns. With its sturdy early momentum, the fund is poised to turn into a strong instrument for each moral investing and company engagement.

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