As we celebrate Pride Month, a new exchange traded fund aims to connect with LGBTQ+ investors. The fund, LGBTQ+ ESG100 ETF, launched in late May and is a passively managed, large-cap index fund that holds the top 100 US companies that most align with the LGBTQ+ community.

However, in 2019, two LGBTQ+-focused ETFs were delisted: ALPS Workplace Equality Portfolio ETF and InsightShares LGBT Employment Equality ETF. Both were also mostly US large-cap, passive index ETFs comprising companies that received high or perfect marks for workplace equality in the Human Rights Campaign Corporate Equality Index, a benchmark for corporate LGBTQ+ policies. The first ETF stuck around for five years, but the second barely made it to two years. Neither gained many assets.