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Stock firm Sets Up Fund to Bet on the Downfall of Woke Companies

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A U.S. firm has launched a fund to invest in companies that are politically conservative or neutral and short 'woke' and ESG-focused.

's Strive Asset Management which was created in 2022 and now manages assets worth more than $1 billion, according to Business Insider.

But there is also a suggestion that not all such platforms are successful. Last month, 2nd Vote Funds shut two of its ETFs after it struggled to bring in assets to continue operations, according to the Financial Times. The fund appears to have ceased operations. Tuttle's fund will filter out companies that exhibit"woke" policies and those with high scores in environmental, social and governance, ESG, and investment approaches, its SEC filing showed."Companies that are totally neutral, not involved in any way, shape, or form, just tunnel vision, we make this product, we sell this product, not interested in all this other stuff, right or left doesn't matter," he said.

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