Get the latest news on Democracy International Fund stock with updates on market trends, financials, and analysis from Benzinga. Stay informed on DMCY performance

Latest Democracy International Fund  News | ARCA:DMCY | Benzinga

Financial Services

Industrials

Technology

Consumer Cyclical

Healthcare

Basic Materials

Consumer Defensive

Energy

Communication Services

Real Estate

Utilities

Other

The Fund uses a passive management (or indexing) approach in seeking to achieve its investment objective of tracking the total return performance, before fees and expenses, of the Index. The Index is comprised of companies located across the globe, but weights more heavily in the aggregate companies located in countries that are democracy-friendly and weights less heavily in the aggregate companies located in countries with authoritarian regimes. The Index Provider analyzes the degree to which a country is democratic or authoritarian by looking to the Democracy Score assigned to that country by The Economist Group, Limiteds Democracy Index.

Vanguard Ftse Pacific ETF

Vanguard Ftse Emerging Marke Mutual Fund

Ishares Msci Taiwan ETF Mutual Fund

Ishares MSCI India ETF

Sunedison, Inc. International Equities Ishares Msci Japan Etf

Ishares Msci Australia ETF

Novo Nordisk A/S-B

Asml Holding Nv

Nestle Sa

Democracy International Fund

Asia

Equities

Long Ideas

News

Emerging Markets

Specialty ETFs

New ETFs

Global

Markets

Trading Ideas

ETFs

DMCY

In a world marked by escalating geopolitical dangers, wars, deglobalization threats, and illiberal government policies that harm investors, shifting money away from regimes and toward democracies is the answer to protecting international investments without compromising profits.

A Global ETF For Stock Investors Looking To Support Democracies Over Authoritarian Regimes

In a world marked by escalating geopolitical dangers, wars, deglobalization threats, and illiberal government policies that harm investors, shifting money away from regimes and toward democracies is the answer to protecting international <a href="https://www.benzinga.com/content/32380122/democracy-at-risk-in-turkish-election" target="_blank">investments without compromising profits.</a>

That&#39;s&nbsp;the goal of the Democracy International Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DMCY#NYSE">DMCY</a>), which invests in countries relying on the Economist&#39;s&nbsp;Democracy Index ranking.&nbsp; 
&quot;Investors can vote with their dollars to favor global democracies and reduce support to authoritarian states&quot; states the Democracy International Fund ETF investor presentation.

Democracy International Fund ETF: Asset Allocation Strategy

The Fund&#39;s investing universe starts from the Solactive GBS Global Markets ex US Index, a large&nbsp;and mid-size international equity market cap-weighted index comparable to the popular MSCI World Ex-US, and then overweights democracies that embrace ideals&nbsp;such as freedom of speech, free and fair elections and civil liberties, while it&nbsp;underweights&nbsp;authoritarian states.&nbsp;

The Democracy International Fund&#39;s portfolio reweights countries based on their score in The Economist&#39;s Democracy Index. The higher a country&#39;s democracy score, the greater the overweight in the portfolio in comparison to the Solactive GBS Global Markets ex US index, and vice versa.&nbsp;

Most And Least Represented Countries In The DMCY&#39;s Portfolio:&nbsp;As of March 2023, the country with the largest weight in the Democracy International Fund ETF was Japan, with an exposure of roughly 16%, or about 1ppt more than the weight featured in the benchmark. U.K. equities were second with a bit more than 10% weight, followed by Canada and France with about 8%. Chinese equities are significantly underweighted, due to the country&#39;s poor democracy score, accounting for around 2% of the portfolio, that&#39;s compared to about an 8% weight in the Solactive GBS Global Markets Ex US Index.

Chart:&nbsp;Democracy International Fund ETF Performance Since Inception

<img alt="" src="https://www.benzinga.com/files/u1363475/dmcy_2023-05-19_19-27-19_e4efa.png" style="height:500px; width:100%" />

Largest&nbsp;Holdings&nbsp;In The DMCY&#39;s Portfolio:

With a 1.86% weight, Taiwan Semiconductor Manufacturing Company Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) was the DMCY&#39;s biggest single stock position.&nbsp;Nestle S.A. (OTC:&nbsp;NSRGY) came second with a 1.7% weight.&nbsp;

Democracy International Fund: Key Characteristics &amp; Facts

<ul>
	<li>Issuer:&nbsp;Democracy Investment Management LLC</li>
	<li>Inception Date: 2021-03-30</li>
	<li>Asset Class: 100% Equity</li>
	<li>Region: Global (ex US)</li>
	<li>Total Assets: $11.8 million as of May 19, 2023</li>
	<li>Management Fees: 0.5%</li>
	<li>Total Expenses: 0.63%</li>
	<li>Benchmark:&nbsp;Democracy Investments International Index</li>
	<li>Advisory Board:&nbsp;Jenny Johnson President &amp; CEO, Franklin Templeton,&nbsp;Ken Kroner CEO of Pluribas Labs, Previously Barclays and BlackRock,&nbsp;Michael Levas Venture Partner, Irongate Capital Advisors Founder and Managing Principle at the Olympian Group</li>
	<li>Dividend Yield: 3.28%</li>
	<li>Forward P/E: 12.72</li>
	<li>Price-to-Book 1.78</li>
	<li>Performance since inception: -6.73% as of May 19, 2023</li>
	<li>Performance year to date: +8%</li>
</ul>

Now Read: <a href="https://www.benzinga.com/news/23/05/32493474/s-amp-p-500-maintains-weeks-gain-despite-uncertainty-republicans-abandon-debt-ceiling-talks-amid-mix">S&amp;P 500 Maintains Weekly Gain Despite Uncertainty: Republicans Abandon Debt Ceiling Talks, Retail Sector Sends Mixed Signals</a>

Democracy Investments, a new company focused on promoting democracy by influencing capital flows, announced the launch of its first product, the Democracy International Fund ETF (DMCY).

&quot;DMCY is designed to empower investors to invest in the future of democracies, instead of passively investing in authoritarian states with political risk, environmental challenges and human rights abuses,&quot; said&nbsp;Julie Cane, CEO of Democracy Investments. &quot;Democracy is declining globally, but we hope the potential success of this ETF will reverse that trend and fuel a movement to lower the cost of capital for democratic countries and improve their economic growth.&quot;

DMCY seeks to track as closely as possible, before fees and expenses, total return performance of the Democracy Investments International Index (TICKER:<a class="ticker" href="/stock/DMCYTR#TICKER">DMCYTR</a>) (the &quot;Index&quot;). Democracy Investments has an exclusive global license of&nbsp;The Economist&#39;s&nbsp;Democracy Index, which is used as an overlay in the Index&#39;s proprietary model. Securities are weighted by their Democracy Score based on country of risk. The resulting democracy-weighted index over weights securities in democratic countries and under weights those in authoritarian states. The Economist&#39;s 2020 Democracy Index can be downloaded&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3118802-1&amp;h=446614717&amp;u=https%3A%2F%2Fwww.eiu.com%2Fn%2Fcampaigns%2Fdemocracy-index-2020%2F&amp;a=here." target="_blank">here.</a>

DMCYTR

Democracy International Fund Launch First ETF

Comments

Democracy International Fund Stock News

News

Latest Democracy International Fund News | ARCA:DMCY | Benzinga

Friday, May 19, 2023

Monday, April 05, 2021

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga