Strive’s Flagship U.S. Energy Fund DRLL Exceeds $100 Million Within First Week of Launch

Discussion in 'Political Opinions & Beliefs' started by XXJefferson#51, Aug 16, 2022.

  1. XXJefferson#51

    XXJefferson#51 Banned

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    COLUMBUS, Ohio, August 16, 2022--(BUSINESS WIRE)--Strive Asset Management announced that its first exchange-traded fund (ETF) exceeded $100 million in assets under management (AUM) and over $160 million in traded volume in its first full week of launch, representing the largest non-seeded[1]ETF launch in 2022. The fund, DRLL, is a passively managed U.S. energy index fund that delivers a new "post-ESG" shareholder mandate to U.S. energy companies through shareholder engagement and proxy voting.

    "This represents an important milestone and it's just the first step of our journey," said Vivek Ramaswamy, executive chairman of Strive Asset Management. "Our goal is to unlock the potential of the U.S. energy sector by mandating companies to focus on excellence, including through greater oil and gas production, instead of social agendas imposed by large ESG-linked asset managers."

    Matt Cole, head of products & investments at Strive Asset Management added, "We believe our message and mandates to US companies are already resonating with Americans. Unlike typical ETF launches where you see a small number of high dollar trades, the success of DRLL has been driven by smaller dollar trades."

    DRLL had an average trade size of $4,055 per trade, compared to an average trade size of $5.7 million for other 2022 ETF launches that generated over $100 million in assets under management in their first week.

    Strive exceeded the trading volume of BlackRock’s passively managed U.S. energy index fund, IYE…

    …The Strive U.S. Energy ETF (DRLL) seeks to track the total return performance, before fees and expenses, of a subset of the Solactive GBS United States 1000 Index (the "Index") composed of U.S.-listed equities in the energy sector. The Solactive index exhibits 99.7% historical correlation[2] with BlackRock’s U.S. Energy Index. The Index is represented by securities of companies in the energy industry or sector (oil, coal, and natural gas companies, as well as companies that produce renewable or alternative energy such as hydrogen, nuclear, solar, and wind power).

    Investors can learn more at www.strivefunds.com….











    read more: https://finance.yahoo.com/news/strive-flagship-u-energy-fund-120000804.html







    I
    love this! I’m bailing out of black rocks fund and into this one over night. An investment with the position of drill baby drill and pro fracking within a given investment is the way to go.
     
  2. XXJefferson#51

    XXJefferson#51 Banned

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    To top it off as mentioned in the yahoo article this is an all of the above fund that invests in solar, hydro, wind, nuclear, and hydrogen as well as fossil fuels.
     
  3. RoanokeIllinois

    RoanokeIllinois Banned Donor

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    Is this that thing from Tucker Carlson that I just watched tonight?

    There are a bunch of energy related companies, that are woke, that spend millions of dollars, and are basically ran by the government, and then there is 1 that is more funded by the American people itself?
     
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  4. XXJefferson#51

    XXJefferson#51 Banned

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    Yes, Tucker did mention it tonight. I found out about it last week on the Ben Shapiro radio show. I saw this yahoo op Ed about its initial success and decided to share it here. I got rid of the ESG favoring fund’s energy funds and my clean energy ones as well as this DRLL fund covers those too in the proper proportions. Now I don’t have to worry about the ass hat at blackrock using my energy shares to make Exxon Mobil do stupid things.
     
  5. XXJefferson#51

    XXJefferson#51 Banned

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    Drill baby drill!
     
  6. XXJefferson#51

    XXJefferson#51 Banned

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    I sold all my energy company ETF’s from Black rock and vanguard and replaced them with the one highlighted here.
     

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