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Strive Investments Appoints New CEO and Expands into Impact Investing

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Strive Asset Management, a disruptive new asset management shop, appoints a new CEO and expands into impact investing.

description: a group of people in a conference room, discussing investment strategies and looking at charts and graphs on a screen. the room is brightly lit, with modern furniture and large windows offering a view of the city skyline in the background.

Strive Asset Management has announced that its chief investment officer (CIO), Matt Cole, will be taking on the added role of CEO. This move comes after Vivek Ramaswamy's resignation from active involvement in the company. As CIO, Cole has been responsible for managing Strive's core solutions ETFs, which are traded on Nasdaq under the tickers STXK, STXD, STXG, and STXV. With his new role as CEO, Cole will be responsible for overseeing the firm's overall strategy and growth.

Strive Asset Management has also announced that it will be expanding into impact investing, an area of increasing interest for investors over the last decade. Impact investing, also known as ESG investing, involves investing in companies that have a positive impact on society or the environment. This move is in line with Strive's mission to provide innovative investment solutions that align with their clients' values.

When conversations move to green energy, politics, or your favorite mother-in-law, the mood in the room changes causing me to look for a way to invest in ESG. Strive Asset Management's expansion into impact investing provides a solution for investors who want to make a positive impact with their investments.

Detroit automakers General Motors Co (NYSE:GM) and Ford Motor Co (NYSE:F) will be releasing their first-quarter earnings this week. Investors will be looking to see how the companies have been impacted by the global semiconductor shortage and how they plan to pivot toward electric vehicles (EVs) and other green initiatives. These earnings reports could have an impact on the overall stock market and the automotive industry as a whole.

The Indiana Public Retirement System has hired a firm co-founded by ESG investing critic Vivek Ramaswamy as a proxy-voting consultant. This move signals a growing interest in ESG investing among institutional investors, who are looking to align their investments with their values.

When Vivek Ramaswamy, the crusader against “woke capitalism”, announced his run for president this week, he resigned from active involvement in Strive Asset Management. Ramaswamy co-founded Strive in 2018 with the goal of disrupting the asset management industry by providing innovative investment solutions that align with their clients' values.

Over the last decade, investors have expressed increasing interest in impact investing, which is also called ESG investing. This is due in part to a growing awareness of the impact that companies have on society and the environment. Impact investing allows investors to put their money to work in a way that aligns with their values and supports positive change.

Strive Asset Management recently commemorated its core solutions ETFs (Nasdaq: STXK, STXD, STXG, STXV) by visiting the Nasdaq MarketSite in Times Square. The ETFs offer investors exposure to companies that are making a positive impact on society and the environment.

NBA All-Star Jrue Holiday has joined Strive's roster of elite athlete investors. Holiday has chosen Strive to help him stay at peak performance both on and off the court. This partnership is a testament to Strive's commitment to providing innovative investment solutions that align with their clients' values.

In 2023, diversity, equity, inclusion, and belonging will continue to evolve for companies, shareholders, prospective employees, and other external stakeholders. This evolution will be driven by increased awareness and demand for companies to take a more proactive approach to these issues. Strive Asset Management's expansion into impact investing is one example of how companies are responding to these demands and creating innovative solutions that align with their clients' values.

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