A Global ETF For Stock Investors Looking To Support Democracies Over Authoritarian Regimes
Portfolio Pulse from Piero Cingari
The Democracy International Fund ETF (DMCY) aims to support democracies by investing in countries based on the Economist's Democracy Index ranking. The fund overweights democracies and underweights authoritarian states. As of March 2023, Japan, the UK, Canada, and France have the highest weights, while China is significantly underweighted. Taiwan Semiconductor Manufacturing Company Limited (TSM) and Nestle S.A. (NSRGY) are among the largest holdings in the portfolio.
May 19, 2023 | 8:23 pm
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NEUTRAL IMPACT
The Democracy International Fund ETF (DMCY) supports democracies by investing in countries based on their democracy score. The fund's performance since inception is -6.73%, but it has gained 8% year to date.
The article provides an overview of the Democracy International Fund ETF (DMCY) and its investment strategy. The fund's performance since inception is -6.73%, but it has gained 8% year to date. The ETF's focus on supporting democracies may appeal to investors with specific ethical or political preferences, but its overall impact on the stock price is neutral in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Taiwan Semiconductor Manufacturing Company Limited (TSM) is the largest single stock position in the Democracy International Fund ETF (DMCY) with a 1.86% weight.
Taiwan Semiconductor Manufacturing Company Limited (TSM) is the largest single stock position in the Democracy International Fund ETF (DMCY) with a 1.86% weight. While this indicates that the ETF has a positive view of TSM, the overall impact on TSM's stock price in the short term is neutral, as the ETF's investment strategy is based on supporting democracies rather than individual stock performance.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50