'Shark Tank' stars, AI investor and 'anti-woke' fund to take stage in Palm Beach County

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'Shark Tank' stars, AI investor and 'anti-woke' fund to take stage in Palm Beach County

//business-finance.news-articles.net/content/202 .. oke-fund-to-take-stage-in-palm-beach-county.html

Published in Business and Finance on Monday, December 2nd 2024 at 20:30 GMT by Bill Williamson
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

The goal is investment and finance at Palm Beach County events. But there will be a political backdrop nonetheless.

The article from USA Today discusses the launch of an "anti-woke" ETF fund by Shark Tank investor Kevin O'Leary and his partner, billionaire investor Anthony Scaramucci, in Palm Beach County, Florida. This fund, named the "Kass Anti-Woke ETF," aims to invest in companies that do not engage in what they term "woke" corporate practices, focusing instead on traditional business values and avoiding those that prioritize social and environmental issues over shareholder returns. The fund's creation comes amidst a broader cultural and political debate about the role of corporations in social issues, with O'Leary and Scaramucci arguing that businesses should focus on profitability and shareholder value rather than social activism. The fund has already attracted significant interest from investors looking for alternatives to ESG (Environmental, Social, and Governance) investing, highlighting a growing market for funds that explicitly oppose what some see as excessive corporate social responsibility.

Read the Full USA Today Article at:
[ https://www.usatoday.com/story/news/politics/elections/2024/12/02/shark-tank-ai-investor-kass-anti-woke-etf-fund-in-palm-beach-county/76599096007/ ]