CBS Helps Kamala Walz On - ACVF Divests From Paramount, Strengthening Its Commitment to Liberal Media Boycotts
The American Conservative Values ETF (ACVF) has divested its holdings of Paramount Global (PARA) and initiated a "Refuse to Buy" rating on the company. This decision comes after ACVF's management team found CBS News' debate moderators to have significant bias during the recent Vice Presidential debate. ACVF co-founders Tom Carter and William Flaig criticized left-wing media for what they perceive as election interference and propaganda.
ACVF has added Paramount to its existing boycotts of Disney and Warner Bros. The fund, which excludes 37 companies representing 28% of the S&P 500, aims to provide an alternative to traditional large-cap funds by avoiding companies that promote progressive political agendas. The proceeds from the Paramount divestiture will be used to purchase AT&T stock, as AT&T has been removed from ACVF's boycott list following its divestiture of Direct TV.
Il fondo ETF American Conservative Values (ACVF) ha cessato le sue partecipazioni in Paramount Global (PARA) e ha avviato una valutazione di "Rifiuto di Comprare" sulla società. Questa decisione è stata presa dopo che il team di gestione dell'ACVF ha riscontrato un significativo bias nei moderatori del dibattito di CBS News durante il recente dibattito per la Vice Presidenza. I co-fondatori dell'ACVF, Tom Carter e William Flaig, hanno criticato i media di sinistra per quello che percepiscono come un'interferenza elettorale e propaganda.
ACVF ha aggiunto Paramount alla sua lista di boicottaggi che già include Disney e Warner Bros. Il fondo, che esclude 37 aziende che rappresentano il 28% dell'S&P 500, mira a fornire un’alternativa ai fondi tradizionali a grande capitalizzazione evitando le aziende che promuovono agende politiche progressiste. I proventi dalla cessione di Paramount verranno utilizzati per acquistare azioni di AT&T, poiché AT&T è stata rimossa dalla lista di boicottaggio dell'ACVF dopo la sua dismissione di DirecTV.
El fondo ETF American Conservative Values (ACVF) ha desinvertido sus participaciones en Paramount Global (PARA) e iniciado una calificación de "Negarse a Comprar" para la empresa. Esta decisión se produce después de que el equipo de gestión de ACVF encontrara un sesgo significativo en los moderadores del debate de CBS News durante el reciente debate por la Vicepresidencia. Los cofundadores de ACVF, Tom Carter y William Flaig, criticaron a los medios de izquierda por lo que perciben como interferencia electoral y propaganda.
ACVF ha añadido a Paramount a sus boicots existentes de Disney y Warner Bros. El fondo, que excluye a 37 empresas que representan el 28% del S&P 500, tiene como objetivo ofrecer una alternativa a los fondos tradicionales de gran capitalización al evitar empresas que promueven agendas políticas progresistas. Los ingresos de la desinversión de Paramount se utilizarán para comprar acciones de AT&T, ya que AT&T ha sido eliminada de la lista de boicot de ACVF tras su desinversión de DirecTV.
미국 보수 가치 ETF(ACVF)는 파라마운트 글로벌(PARA) 지분을 매각하고 해당 회사에 대해 "구매 거부" 등급을 시작했습니다. 이러한 결정은 ACVF의 관리팀이 최근 부통령 후보 토론에서 CBS 뉴스의 토론 진행자들에게서 상당한 편향을 발견한 후 이루어졌습니다. ACVF의 공동 창립자 톰 카터와 윌리엄 플라그는 선거 개입과 선전을 보수 미디어가 비판했습니다.
ACVF는 디즈니와 워너 브라더스의 기존 보이콧 목록에 파라마운트를 추가했습니다. 이 펀드는 S&P 500의 28%를 차지하는 37개 기업을 제외함으로써 전통적인 대형주 펀드에 대한 대안을 제공하는 것을 목표로 하며, 진보적인 정치적 의제를 홍보하는 기업을 피합니다. 파라마운트 매각으로 얻은 수익은 AT&T 주식을 구매하는 데 사용될 예정이며, AT&T는 DirecTV의 매각 이후 ACVF의 보이콧 목록에서 제외되었습니다.
L'ETF American Conservative Values (ACVF) a décide de désinvestir dans Paramount Global (PARA) et a lancé une notation "Refuser d'Acheter" pour l'entreprise. Cette décision intervient après que l'équipe de direction de l'ACVF a constaté un biais significatif chez les modérateurs de débat de CBS News lors du récent débat pour la vice-présidence. Les cofondateurs de l'ACVF, Tom Carter et William Flaig, ont critiqué les médias de gauche pour ce qu'ils perçoivent comme une interférence électorale et de la propagande.
ACVF a ajouté Paramount à sa liste de boycotts existants de Disney et Warner Bros. Le fonds, qui exclut 37 entreprises représentant 28 % de l'S&P 500, vise à offrir une alternative aux fonds traditionnels à grande capitalisation en évitant les entreprises qui promeuvent des agendas politiques progressistes. Les revenus de la cession de Paramount seront utilisés pour acheter des actions d'AT&T, car AT&T a été retiré de la liste de boycott de l'ACVF après la cession de DirecTV.
Der American Conservative Values ETF (ACVF) hat seine Beteiligungen an Paramount Global (PARA) verkauft und eine Bewertung mit "Kaufverweigerung" für das Unternehmen eingeführt. Diese Entscheidung traf das ACVF-Management-Team, nachdem es eine erhebliche Voreingenommenheit der CBS News-Debattenmoderatoren während der letzten Vizepräsidentschaftsdebatte festgestellt hatte. Die Mitbegründer von ACVF, Tom Carter und William Flaig, kritisierten die linke Medienlandschaft wegen dessen, was sie als Wahlenbeinflussung und Propaganda empfinden.
ACVF hat Paramount zu seinen bestehenden Boykotten von Disney und Warner Bros. hinzugefügt. Der Fonds, der 37 Unternehmen ausschließt, die 28% des S&P 500 repräsentieren, zielt darauf ab, eine Alternative zu traditionellen großen Fonds zu bieten, indem er Unternehmen vermeidet, die progressive politische Agenden fördern. Die Erlöse aus dem Verkauf von Paramount werden verwendet, um Aktien von AT&T zu kaufen, da AT&T nach dem Verkauf von DirecTV von der Boykottliste des ACVF entfernt wurde.
- ACVF's decision aligns with its conservative investment strategy
- Proceeds from Paramount divestiture to be reinvested in AT&T
- AT&T removed from boycott list, potentially opening new investment opportunities
- Divestiture from Paramount Global (PARA) may limit portfolio diversification
- Politically-driven investment decisions may impact overall fund performance
- Exclusion of 28% of S&P 500 companies could lead to potential missed opportunities
Insights
The divestment of Paramount Global (PARA) by ACVF is a notable move, but its direct financial impact on ACVF may be given the fund's relatively small size. The decision to reinvest in AT&T could potentially offset any short-term portfolio disruption. However, the broader implications of this action are more significant:
1. Brand positioning: ACVF is reinforcing its niche as a politically conservative investment vehicle, which could attract like-minded investors but may limit its broader market appeal.
2. Media industry impact: While ACVF's divestment alone is unlikely to significantly affect Paramount's stock, it contributes to a growing trend of politically motivated investment decisions that could influence media companies' editorial policies and financial strategies.
3. Investment strategy risks: ACVF's approach of excluding
Investors should carefully consider whether ACVF's politically-driven investment strategy aligns with their financial goals and risk tolerance.
ACVF's divestment from Paramount and its "Refuse to Buy" rating highlight a growing trend in the investment landscape: the rise of values-based investing. This move reflects:
1. Market segmentation: There's an increasing demand for investment products catering to specific ideological beliefs, potentially creating new market opportunities but also fragmenting the investor base.
2. Media scrutiny: The fund's actions put pressure on media companies to maintain perceived neutrality or risk alienating certain investor groups.
3. Investor behavior: This trend could lead to more investors scrutinizing their portfolio holdings for alignment with personal values, potentially impacting stock prices and corporate behavior.
4. Long-term implications: If this trend continues, it could lead to a more polarized investment landscape, potentially affecting market efficiency and corporate governance practices.
While ACVF's impact may be now, it signals a shift in investor expectations that could have broader market implications over time.
WASHINGTON, DC / ACCESSWIRE / October 3, 2024 / Yesterday, the American Conservative Values ETF (ACVF), a fund designed for politically conservative investors, announced that it has divested its holdings of and initiated a "Refuse to Buy" rating on Paramount Global (PARA), the parent of CBS.
After a comprehensive review of our continued investment, ACVF's management team has decided to divest its holding of Paramount Global (PARA). The portfolio managers of ACVF found CBS News' debate moderators to have significant bias during Wednesdays Vice Presidential debate. Similarly to ABC (Disney-DIS) and CNN (Warner Bros. Discovery-WBD), the moderators of the previous Presidential debate, the questions were geared to favor democrats and the moderators fact checked JD Vance while allowing Tim Walz to run unchecked.
"We feel strongly that the left-wing media are complicit in election interference," said Tom Carter, co-founder of ACVF. "We have added Paramount to our long-standing boycotts of Disney and Warner Bros."
"We are accustomed to the propaganda that has long been a part of the liberal media's business model," stated CEO and co-founder William Flaig. "They have crossed the line and have a thumb on the scale."
"Many politically conservative investors are shocked to learn that their current ETF and mutual fund investments own these liberal media companies as well as many other companies that are eagerly working to destroy conservative values. We must hold companies accountable for their actions. We need to vote with our wallets and deny them access to the capital they need," stated Carter. He further added that "we do not want to give such companies our hard-earned investment dollars, and neither should you."
The proceeds from this divestiture will be used to purchase AT&T. AT&T has been removed from our boycott list as a result of their announced divestiture of Direct TV, ending their media foray.
ACVF, launched in October 2020, aims to provide investors with an alternative to traditional large-cap funds by avoiding companies that, in the view of its' managers, actively promote progressive political agendas at the potential expense of shareholder value. The 37 companies that ACVF currently excludes from the portfolio represent
The funds' managers emphasize their focus on companies they believe prioritize meritocracy and shareholder value. "We aim to avoid investing in companies that we perceive as putting political agendas ahead of financial performance," Flaig stated.
For more information about ACVF (Ticker:ACVF), including its investment approach and full list of holdings, please visit InvestConservative.com
About American Conservative Values ETF (ACVF)
ACVF is an exchange-traded fund designed to reflect conservative political values in its investment strategy. ACVF is based on the conviction that politically active companies may negatively impact their shareholder returns, as well as support issues and causes which conflict with conservative political ideals, beliefs and values.
Key Points:
As of October 2nd 2024, the fund holds
0.00% of Disney, Warner Bros. Discovery and Paramount GlobalThe 37 companies currently excluded from the portfolio represent
28% of the S&P 500.The fund's holdings are subject to change. For current holdings, please visit https://acvetfs.com/fund/etf-fund/#holdings
Note: The S&P 500® is a broad-based unmanaged index, which is widely recognized as representative of the equity market in general.
To schedule an interview with Mr. Flaig or Mr. Carter, please contact:
wflaig@ridgelineresearch.com 301-685-7121
tcarter@ridgelineresearch.com 301-685-7122
For current holdings, fund factsheet, and more information, please visit www.acvetfs.com
Important Information
Carefully consider the Fund's investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund's prospectus and summary prospectus, which may be obtained by visiting ACVETFS.com. Read the prospectus and summary prospectus carefully before investing.
An investment in the Fund is subject to risks, including the possible loss of the principal amount invested. Overall stock market risks may affect the value of individual securities in which the Fund invests. The Fund is actively managed, and the adviser's investment decisions impact the Fund's performance. The Fund and adviser are new, and the ETF has only recently commenced operations. This Fund may not be suitable for all investors.
The equity securities in which the Fund invests will generally be those of companies with large market capitalizations. Exchange-Traded Funds (ETFs) trade like stocks, are subject to investment risk, and will fluctuate in market value. Transactions in shares of ETFs will result in brokerage commissions, which will reduce returns. Unlike typical exchange-traded funds, there are no indexes that the Fund attempts to track or replicate. Thus, the ability of the Fund to achieve its objectives will depend on the effectiveness of the portfolio manager. There is no assurance that the investment process will consistently lead to successful investing. The Fund is new and has a limited operating history.
The ACVF Fund is distributed by Foreside Fund Services, LLC. Foreside is not affiliated with Ridgeline Research, LLC, the Fund's Investment Adviser.
The Fund is structured as an ETF and as a result, is subject to special risks. Shares are bought and sold at market price (closing price) not net asset value (NAV) and are not individually redeemed from the Fund. Market price returns are based on the midpoint of the bid/ask spread at 4:00 p.m. Eastern Time (when NAV is normally determined) and do not represent the return you would receive if you traded at other times.
SOURCE: American Conservative Values ETF
View the original press release on accesswire.com
FAQ
Why did ACVF divest from Paramount Global (PARA)?
How many companies does ACVF currently exclude from its portfolio?
What will ACVF do with the proceeds from the Paramount Global (PARA) divestiture?
When was the American Conservative Values ETF (ACVF) launched?
