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Earth Echo International CEO Philippe Cousteau and AdvisorShares CEO Noah Hamman on teaming up to create a new ETF called 'GIVE.'
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Thank you very much but it's called the wave of the future for investors a brand -- ETF about to get this straight with profits going.
To ocean conservation and other environmentally sustainable organizations.
Are that international CEO and environmentalist Philippe instead junior is with us here in New York.
-- ham and advisor shares CEO joins us now as well from Washington and fully up wanna start with you -- -- -- partnership for you.
You're known of course for your -- Obama causes why get into the shark hit a Wall Street.
Well Willie Sutton said.
That -- -- bankrupt when -- -- what -- rob banks as well that's for the money is.
And you -- several years ago might challenge in Britain raising funds in a nonprofit is you know how do we add more assets and money into the market Wall Street.
Is an interesting opportunity I believe because if it gives us a chance to drive more money towards solving the world's problems.
End and some and obviously a lot of this this is gonna go towards women and children and entrepreneurship and things that are environmentally friendly in and I want to take -- to you know because.
Your your investor or Wall Street got that yet -- willing to take some of the fees that are gonna be charged fire managers for this new ETF.
And give it towards causes that are important to full leap is that the right move for you.
We think it is it's something we've always wanted to do and our business plan our products that we offer very unique even though they have professional managers that are very chance apparently very liquid.
And we feel like it's a new way of investing in there's new ways for us to have an impact in the earth and so.
Our ability to partner up with Philippe was a great opportunity for us to take.
Part of what we do and make you know a lot of -- -- place.
And believe I mean certainly the goal here is is -- a positive one that you wanna take the money and you want to see investors.
Go into organizations causes -- do sustaining environment big thing for yen absolutely but how do you how do you give them the sense that this is a completely until opportunity.
One that's the -- -- first and foremost this has to make money and and you know something we all agreed on from the beginning is this is not just to do gooder initiative -- -- the ETF itself.
Who invest in in lots of different types of companies like Illinois speak to that more care but to be successful.
Net gain on on the investment that's first and foremost -- that.
Has to do that but then being able to take the -- the the management fees.
And put that -- charitable foundation that is invest in women and water investing in micro enterprise things like that.
You know it's a win win for the -- they can invest in sustainable businesses that he involving Jeff also having exposure to a Philanthropic.
Venture.
But -- Jim you know with ETF that what's always been nice -- TS is a lot that they are low fees but this will be actively managed REIT ETF regularly get -- -- -- I wanted to -- I've.
Never are heard of this usually -- -- they they they they create synthetic.
Portfolios that this instant liquidity.
Our investors and be able to buy and sell these.
Daily and if you have active underlying managers have you chosen them yet and and when will you announce them.
-- the answer to that is yes on the first part at least it works just like a regular ETF so they can behind some among us stock exchange.
There's full transparency every day as he always know what those portfolio managers are holding which I think is.
Especially critical strategy like this we're just putting the product together right now we just wanted to announce the relationship but the plan is for it to be a broadly diversified.
Proactive sustainability focused investment strategy successfully sad looking to make money for the investors -- at the same time do something nice with a profit.
-- like the -- they're gonna use get -- I'd be very Cole speaking to getting flight I have to ask you what is next for you mean what are you not done.
And the world that you want to do next you're traveling the world met an adventure.
What's next for it was I have to say I'm very very excited about this project is a completely new departure for myself.
Working in the financial world driving money these problems but in addition you know we're -- -- -- the expedition to the Amazon can deforestation we're going out to.
Looking at Asia -- like China South Korea different projects there are so.
He's got back from the Arctic I was sleeping in -- tent in minus fifty degrees tonight our viewers pictures up -- very coal burner try to mix it up in.
And have some adventures and and then also -- of the financial -- and do good.
And do good with that you're doing a lot of good for the environment may be good for investors as well we will somehow you're all right what lucky -- -- -- -- think the -- so that your average -- international CEO and of course now -- -- out of it out of Washington by.
