Close Menu
  • Breaking News
  • Business
  • Personal Finance
  • 2nd Amendment
  • Videos
  • Forum
  • More
    • Prepping & Survival
    • Health
    • Top Stocks
    • Stocks Portfolio

Subscribe to Updates

Get the latest news and updates directly to your inbox.

Popular Now
Carlos Alcaraz defeats American Taylor Fritz for third straight Wimbledon final Breaking News

Carlos Alcaraz defeats American Taylor Fritz for third straight Wimbledon final

By Dewey LewisJuly 11, 20250

NEWYou can now listen to Fox News articles! American tennis star Taylor Fritz suffered a heartbreaking…

Walmart recalls 850K water bottles after 2 people suffer permanent vision loss from ‘forcefully ejected’ lids

Walmart recalls 850K water bottles after 2 people suffer permanent vision loss from ‘forcefully ejected’ lids

July 11, 2025
‘Hydration boosters’ or just water? Medical experts make recommendations for beating the summer heat

‘Hydration boosters’ or just water? Medical experts make recommendations for beating the summer heat

July 11, 2025
Harvard Weighs  Billion Conservative Scholarship Center: Report

Harvard Weighs $1 Billion Conservative Scholarship Center: Report

July 11, 2025
Facebook X (Twitter) Instagram
Trending
  • Carlos Alcaraz defeats American Taylor Fritz for third straight Wimbledon final
  • Walmart recalls 850K water bottles after 2 people suffer permanent vision loss from ‘forcefully ejected’ lids
  • ‘Hydration boosters’ or just water? Medical experts make recommendations for beating the summer heat
  • Harvard Weighs $1 Billion Conservative Scholarship Center: Report
  • Mandatory evacuation orders in effect as 1,000-acre wildfire threatens Grand Canyon’s North Rim
  • Orioles national anthem speaker goes viral after interesting rendition of ‘The Star-Spangled Banner’
  • Justin Bieber admits to Hailey Bieber marriage struggles in new album
  • Juan Soto, whose deal could be worth $805 million, quips about missing bonus after All-Star snub
Facebook X (Twitter) Instagram LinkedIn VKontakte
Friday, July 11
Republican Investor
Banner
  • Breaking News
  • Business
  • Personal Finance
  • 2nd Amendment
  • Videos
  • Forum
  • More
    • Prepping & Survival
    • Health
    • Top Stocks
    • Stocks Portfolio
Subscribe
Republican Investor
You are at:Home » New ‘anti-DEI’ index fund launches to only invest in companies that hire based on merit
Business

New ‘anti-DEI’ index fund launches to only invest in companies that hire based on merit

Press RoomBy Press RoomJuly 11, 2025No Comments4 Mins Read
Facebook Twitter LinkedIn Tumblr Reddit WhatsApp
New ‘anti-DEI’ index fund launches to only invest in companies that hire based on merit
Share
Facebook Twitter LinkedIn Pinterest Email

A so-called “anti-DEI” index fund launched on Tuesday, giving investors an opportunity to invest solely in companies that engage in hiring based on merit, not demographic factors, according to its founder.

“It is the first ever index fund that is committed solely to meritocracy, so unlike a traditional S&P 500 ETF from BlackRock or Vanguard, we do not invest in companies that impose DEI hiring targets, Nike, Starbucks, Intel, Airbnb. There’s 37 in total and the reason why we don’t invest with them is that these are both a moral and a financial failure,” Azoria CEO and founder James Fishback told Fox News Digital.

BlackRock, whose Chief Executive Larry Fink said that DEI was embedded in “everything we do” in a 2021 letter to shareholders, has distanced itself from the controversial policies as of late, removing multiple references to DEI from its latest annual report in February. The mutual fund Vanguard has also softened its DEI stance and removed some of its guidance for U.S. companies to have women and minority directors. 

“Intel has a longstanding commitment to attracting, retaining, and advancing the best talent to innovate for our customers and strengthen our business. Our hiring and promotion practices follow a competitive and fair process in compliance with the law, and we do not use identity-based quotas,” an Intel representative told Fox News Digital in a statement, after Fishback named the company specifically.

EXPERT REVEALS HOW COMPANIES ARE REBRANDING ‘TOXIC’ DEI POLICIES TO SKIRT TRUMP-ERA BANS: ‘NEW WRAPPER’

Fishback is an ally of President Donald Trump and a former Department of Government Efficiency advisor who proposed mailing Americans stimulus checks based off of DOGE savings. He told Fox News Digital he launched the “Azoria Meritocracy Fund” in the hope of getting investors bigger returns than what they would get from ETFs that buy shares in companies that have DEI hiring quotas. 

To Fishback, his fund is not pursuing a political agenda, but just engaging in good business sense. 

“Research that we just published today shows that the 37 companies in the S&P 500 that we exclude from the Azoria 500 meritocracy fund underperformed the S&P by 19 percentage points over the last two years. It’s no surprise why, they prevent companies from hiring the best. They force them to hire folks who are not yet qualified, and lastly, they weaken employee trust and morale. All of that leads to lower stock returns in the long-term,” Fishback said.

“We’re making, really, a financial bet here that companies that hire on skill and merit will be more successful than companies that hire on race and gender.”

Wall Street Bull

RED STATE TREASURER REVEALS WHY STATE FINANCIAL OFFICERS HAVE ‘OBLIGATION’ TO COMBAT ESG, DEI

Corporate Diversity, Equity and Inclusion policies have been on the retreat since Trump took office in January. In the first days of his second term in office, Trump issued a series of sweeping executive orders targeting “illegal DEI” and prohibiting federal agencies from contracting with companies that engage in DEI hiring practices. He also ordered the federal government to probe nine companies to determine if their DEI initiatives violated federal law. 

DEI policies were widely embraced by corporate America following the death of George Floyd and the subsequent Black Lives Matter riots in 2020. However, since Trump’s executive orders were issued, a wave of corporations have begun scaling back or eliminating their DEI programs. Disney, Facebook, Google and Paramount have all made significant changes to their DEI policies and eliminated many of the most controversial elements, including aspirational hiring goals in some cases. 

Fishback told Fox News Digital that his fund only excludes companies that engage in DEI hiring goals, which he says hurt companies by shifting their focus from business priorities and towards political goals. He said he determines which companies have DEI targets in their hiring based off of public statements, internal research done by the fund and meetings with executives at various companies. 

Trump waves on Air Force One

“Whether it’s DEI targets or ESG mandates, anytime you subvert the natural inclination of a business to do what’s in its best interest to then do something that is not in its best interest to appease political overlords, or to fuel a political agenda, that hurts one, the shareholders, two, the stock price, and three, it hurts the very people that you’re often saying that you’re helping,” Fishback told Fox News Digital.

According to the investor, companies excluded from the fund can always join later if they abandon their DEI hiring goals. He pointed to Best Buy as a company that was initially excluded but is now a “proud member” of the Azoria Meritocracy Fund.

Starbucks, AirBnB, Nike and Best Buy did not return Fox News Digital’s request for comment. BlackRock and Vanguard declined to comment for this article. 

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous Article‘Golden Bachelor’ Mel Owens’ ex issues warning for ladies after he refuses to consider anyone over 60
Next Article How the CBO got it wrong again: Trump’s economic bill set to generate trillions in surplus, not debt

Related Posts

Walmart recalls 850K water bottles after 2 people suffer permanent vision loss from ‘forcefully ejected’ lids

Walmart recalls 850K water bottles after 2 people suffer permanent vision loss from ‘forcefully ejected’ lids

July 11, 2025
Juan Soto, whose deal could be worth 5 million, quips about missing bonus after All-Star snub

Juan Soto, whose deal could be worth $805 million, quips about missing bonus after All-Star snub

July 11, 2025
The ‘big, beautiful, bill’ includes a car loan interest tax deduction. Do you qualify?

The ‘big, beautiful, bill’ includes a car loan interest tax deduction. Do you qualify?

July 11, 2025
DoorDash hits Seattle with increased service fees, blames new city regulations

DoorDash hits Seattle with increased service fees, blames new city regulations

July 11, 2025
‘Happy Gilmore 2’ leads golf brands to swing big with unique tribute to Adam Sandler’s iconic role

‘Happy Gilmore 2’ leads golf brands to swing big with unique tribute to Adam Sandler’s iconic role

July 11, 2025
Rent payments could help Americans qualify for a mortgage, FHFA says

Rent payments could help Americans qualify for a mortgage, FHFA says

July 11, 2025
Add A Comment
Leave A Reply Cancel Reply

Follow us
  • Facebook
  • Twitter
  • Instagram
  • Pinterest
Highlights
Walmart recalls 850K water bottles after 2 people suffer permanent vision loss from ‘forcefully ejected’ lids Business

Walmart recalls 850K water bottles after 2 people suffer permanent vision loss from ‘forcefully ejected’ lids

By Press RoomJuly 11, 20250

About 850,000 water bottles sold at Walmart are being recalled after customers reported being struck…

‘Hydration boosters’ or just water? Medical experts make recommendations for beating the summer heat

‘Hydration boosters’ or just water? Medical experts make recommendations for beating the summer heat

July 11, 2025
Harvard Weighs  Billion Conservative Scholarship Center: Report

Harvard Weighs $1 Billion Conservative Scholarship Center: Report

July 11, 2025
Mandatory evacuation orders in effect as 1,000-acre wildfire threatens Grand Canyon’s North Rim

Mandatory evacuation orders in effect as 1,000-acre wildfire threatens Grand Canyon’s North Rim

July 11, 2025

Subscribe to Updates

Get the latest news and updates directly to your inbox.

About
About

Republican Investor is one of the top news portals to cover business, personal finance and second amendment news, follow us to get the latest news.

We're social, connect with us:

Facebook X (Twitter) Instagram LinkedIn VKontakte
Popular Posts
Carlos Alcaraz defeats American Taylor Fritz for third straight Wimbledon final

Carlos Alcaraz defeats American Taylor Fritz for third straight Wimbledon final

July 11, 2025
Walmart recalls 850K water bottles after 2 people suffer permanent vision loss from ‘forcefully ejected’ lids

Walmart recalls 850K water bottles after 2 people suffer permanent vision loss from ‘forcefully ejected’ lids

July 11, 2025
‘Hydration boosters’ or just water? Medical experts make recommendations for beating the summer heat

‘Hydration boosters’ or just water? Medical experts make recommendations for beating the summer heat

July 11, 2025
Latest News
Harvard Weighs  Billion Conservative Scholarship Center: Report

Harvard Weighs $1 Billion Conservative Scholarship Center: Report

July 11, 2025
Mandatory evacuation orders in effect as 1,000-acre wildfire threatens Grand Canyon’s North Rim

Mandatory evacuation orders in effect as 1,000-acre wildfire threatens Grand Canyon’s North Rim

July 11, 2025
Orioles national anthem speaker goes viral after interesting rendition of ‘The Star-Spangled Banner’

Orioles national anthem speaker goes viral after interesting rendition of ‘The Star-Spangled Banner’

July 11, 2025
Copyright © 2025. Republican Investor. All rights reserved.
  • Privacy
  • Terms of use
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.