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28.03 / 10:25
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Elon Musk and Mark Zuckerberg fail to make cut in ‘High Character' CEO ETF
A new exchange-traded fund, Return on Character ETF (ticker ROCI), is tapping into America’s love affair with strong corporate leaders even as it leaves out two of its most famous tech pioneers- Elon Musk and Mark Zuckerberg. ROCI also excludes Adobe Inc., whose boss Shantanu Narayen is a top rated CEO on Glassdoor with a 99% approval score. ROCI, launching Thursday, seeks capital appreciation by targeting the stocks of businesses led by “high character” chief executive officers, according to a regulatory filing. The actively managed strategy uses a model based on “integrity, responsibility, forgiveness, and compassion,” manager ROC Investments LLC said in a release.
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