Tidal ETF Services Partners with Robasciotti & Philipson Sister Company Adasina Social ...
CHICAGO/NEW YORK, Oct. 05, 2020 (GLOBE NEWSWIRE) -- Tidal ETF Services LLC (Tidal), an innovative leading provider of Exchange Traded Fund (ETF) services with over $1 billion in asset under administration (AuA), today announced it is partnering with Adasina Social Capital (Adasina), the sister company of Robasciotti & Philipson, a values-aligned investment management firm, to offer a social justice ETF. The Adasina Social Justice All Cap Global ETF (ticker: JSTC) was recently filed with the U.S. Securities and Exchange Commission (SEC). The ETF was developed to incorporate Robasciotti & Philipson’s groundbreaking social justice investment strategy [formerly known as RISE (Return on Investment and Social Equity), in an ETF wrapper to expand access to other investors.
Eric Falkeis, Chief Executive Officer of Tidal, said, “We’re excited to partner with Adasina Social Capital, leaders in social justice investing. Social, environmental, and ethical concerns are an increasingly pressing consideration for many investors seeking to put their money into companies that align with their views and values. We take great pride in working to meet the current needs of investors by working with forward-thinking investment firms like Adasina Social Capital.”
The Adasina Social Justice All Cap Global ETF is an actively managed ETF and is expected to consist of all or a representative sample of the securities contained in the Adasina Social Justice Index. The Index was created by working closely with social justice organizations to build data sets that represent the issues most directly affecting their communities, with a particular focus on racial, gender, economic, and climate justice. The Index comprises common and preferred stocks of domestic and foreign issuers, including those in emerging markets. Index constituents may be large-, mid-, or small-capitalization companies.
Rachel Robasciotti, Founder & CEO of Adasina Social Capital, said, “We are thrilled to partner with the team at Tidal to expand the impact of Adasina as a critical bridge between social justice movements and financial markets for the benefit of people and our planet, while creating space for community to grow.”
ABOUT TIDAL ETF SERVICES
Formed by ETF industry pioneers and thought leaders, who have collectively launched hundreds of ETFs, Tidal ETF Services LLC sets out to modernize the way ETFs have historically been developed, launched, marketed and sold. With a focus on helping ETF issuers and asset managers, Tidal offers a comprehensive suite of services, proprietary tools, and methodologies designed to bring lasting ideas to market and place them on a trajectory of steady growth. As advocates for ETF innovation, Tidal partners with clients who share their vision to provide investors with access to the most interesting and viable ETFs available today. More information is available at https://www.tidaletfservices.com/.
ABOUT ADASINA SOCIAL CAPITAL
Adasina Social Capital is an investment and financial activism firm that believes community-sourced impact data should set the standards for how publicly traded companies participate in gender, racial, economic, and climate justice. With Adasina, investors can seek both financial and social returns that are accountable to the well-being of the people and planet they impact.
Adasina Social Capital is the sister company of Robasciotti & Philipson, a registered investment advisory firm with over 15 years of experience creating social justice portfolios for clients. Both companies are majority-owned and operated by women, people of color, and members of the LGBTQ+ community - they are headquartered in San Francisco and maintain client relationships throughout the United States. More information is available at https://adasina.com/.
BEFORE INVESTING YOU SHOULD CAREFULLY CONSIDER THE FUND’S INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES. THIS AND OTHER INFORMATION IS IN THE PROSPECTUS, A COPY OF WHICH MAY BE OBTAINED FROM www.sec.gov . PLEASE READ THE PROSPECTUS CAREFULLY BEFORE YOU INVEST.
INFORMATION CONTAINED HEREIN IS SUBJECT TO COMPLETION OR AMENDMENT. A REGISTRATION STATEMENT RELATING TO THESE SECURITIES HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION BUT HAS NOT YET BECOME EFFECTIVE. THESE SECURITIES MAY NOT BE SOLD NOR MAY OFFERS TO BUY BE ACCEPTED PRIOR TO THE TIME THE REGISTRATION STATEMENT BECOMES EFFECTIVE. THIS COMMUNICATION SHALL NOT CONSTITUTE AN OFFER TO BUY OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY STATE IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER SECURITIES LAWS OF ANY SUCH STATE.
AN INDICATION OF INTEREST IN RESPONSE TO THIS ADVERTISEMENT WILL INVOLVE NO OBLIGATION OR COMMITMENT OF ANY KIND.
Investing involves risk, including the potential loss of principal. There is no guarantee that the Funds investment strategy will be successful. Shares may trade at a premium or discount to their NAV in the secondary market, and the fund’s holdings and returns may deviate from those of its index. These variations may be greater when markets are volatile or subject to unusual conditions. The Fund is new and has a limited operating history. The Fund has a limited number of financial institutions that are authorized to purchase and redeem shares directly from the Fund; and there may be a limited number of market makers or other liquidity providers in the marketplace. Foreign and emerging market investing involves currency, political and economic risk. Applying climate, economic, gender, racial, and movement aligned justice domain criteria to the Fund’s investment selection process may exclude securities of certain issuers for non-financial reasons and therefore, the Fund may underperform the broader equity market or other funds that do not utilize similar criteria when selecting investments. Adasina is a newly registered investment advisor and has no long-term track record that an investor may judge.
Shares of the Fund are distributed by Foreside Fund Services, LLC.
This release is being made available for informational purposes only and should not be used for any other purpose. The information contained herein does not constitute and should not be construed as an offering of advisory services or an offer to sell or solicitation to buy any securities or related financial instruments in any jurisdiction. Investments in ETFs involve risk. Some investment products have more risk than others. Please read each prospectus for specific details regarding the ETF’s risk profile.
Certain information contained herein concerning economic trends and performance is based on or derived from information provided by independent third-party sources. Tidal believes that the sources from which such information has been obtained are reliable; however, it cannot guarantee the accuracy of such information and has not independently verified the accuracy or completeness of such information or the assumptions on which such information is based.