Democracy Investments Launches International ETF, DMCY
News
On Tuesday, Democracy Investment Management, a mission-driven company focused on promoting democracy by influencing capital flows in financial markets, launched the Democracy International Fund (DMCY).
This ETF is a Global Markets ex-United States Large & Mid Cap international equity portfolio that is both democracy and market capitalization-weighted. The Fund seeks to track the total return performance, before fees and expenses, of the Democracy Investments International Index, which leverages an exclusive license to The Economistâs Democracy Index.
Democracy Investments International Index overweights in democracies that embrace ideals such as freedom of speech, fair elections, and civil liberties, and it underweights authoritarian states with links to human rights abuses such as genocide and child labor, as well as media censorship, judicial corruption, and a lack of free and fair elections. The Fund intends to support investors to incentivize democracy by shifting capital towards democratic countries and away from authoritarian countries.