Tucker Carlson Gives the New Anti-ESG DRLL ETF a Big Boost
A new exchange-traded fund (ETF) called the Strive U.S. Energy ETF (NYSEARCA: DRLL ) is drawing interest as its founder pushes his conservative bonafides. The DRLL ETF was launched on Aug. 10 by Vivek Ramaswamy , who previously launched a biotech firm called Roivant . The fund has raised about $100 million since it was launched. What investors should know is that DRLL is even more conservative than it says it is. Ramaswamy’s Game Plan Ramaswamy’s pitch is overtly political. He wants to use the investment power of the fund to stand against Environmental, Social and Governance (ESG) standards , which remain undefined but smell liberal to him . He is especially critical of Blackrock (NYSE: BLK ), whose CEO Larry Fink has warned about the threat of climate change in his shareholder letters . DRLL is backed by Peter Thiel and Bill Ackman , writes our Chris MacDonald. Ramaswamy has been on Fox News’s Tucker Carlson show and won endorsements from conservative media outlets . But assets don’t have politics.
Tucker Carlson Gives the New Anti-ESG DRLL ETF a Big Boost
A new exchange-traded fund (ETF) called the Strive U.S. Energy ETF (NYSEARCA: DRLL ) is drawing interest as its founder pushes his conservative bonafides. The DRLL ETF was launched on Aug. 10 by Vivek Ramaswamy , who previously launched a biotech firm called Roivant . The fund has raised about $100 million since it was launched. What investors should know is that DRLL is even more conservative than it says it is. Ramaswamy’s Game Plan Ramaswamy’s pitch is overtly political. He wants to use the investment power of the fund to stand against Environmental, Social and Governance (ESG) standards , which remain undefined but smell liberal to him . He is especially critical of Blackrock (NYSE: BLK ), whose CEO Larry Fink has warned about the threat of climate change in his shareholder letters . DRLL is backed by Peter Thiel and Bill Ackman , writes our Chris MacDonald. Ramaswamy has been on Fox News’s Tucker Carlson show and won endorsements from conservative media outlets . But assets don’t have politics.