USA Today | Should investors bet against DEI? What to know about new anti-‘woke’ index fund

One S&P 500 please, hold the diversity, equity and inclusion. That is the proposed selling point of a new index fund launching Tuesday: The exchange-traded fund mirrors the S&P 500 but excludes 37 companies that engage in DEI.

Ideologically driven S&P 500 trackers tend to charge high fees and attract meager investment, University of Florida finance professor Jay Ritter told USA Today in December. 

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