Strive Asset Management announced that its first exchange-traded fund (ETF), the U.S. Energy ETF, has exceeded $238 million in assets under management and $320 million in traded volume in its first two full weeks of launch, continuing to represent the largest non-seeded ETF launch in 2022. 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.
“Everyday citizens are delivering a powerful message to American energy companies: it’s time to drill, frack, and do whatever else is necessary to succeed without apologizing for it,” said Vivek Ramaswamy, executive chairman of Strive Asset Management. “We hope to unlock the potential of the U.S. energy sector by mandating U.S. energy companies to focus exclusively on excellence over social agendas imposed by ESG-linked asset managers."
Jeff Nye, head of distribution and wealth management at Strive, add