It is an actively managed ETF that invests in large-, mid- and small-cap stocks worldwide while applying social justice criteria. It selects global companies that meet standards such as racial, economic, gender and climate justice, and excludes companies that fall short.

It suits value-driven investors who want to invest in global equities in line with social justice values and who can tolerate tracking differences and currency effects.

It is an ETF run with an active management approach by Adasina.

The fund applies social justice criteria such as racial, economic, gender and climate justice, excludes companies that fall short, and diversifies across large-, mid- and small-cap companies worldwide that meet the standards. Unlike a standard global index, it screens holdings using social justice data, and it spreads its investments across all market capitalizations.

• Social justice criteria applied
• Diversification across all global market caps

Assets under management (AUM) stand at $300.9M, and the total expense ratio is 0.89% per year.

Compared with standard global ETFs that invest in global equities without such criteria, the social justice screening is the main point of comparison.

Global equities are driven by the world economy, risk appetite and exchange rates, and they tend to rise when the broader market is strong and fall when it slows. Because the social justice screen adds excluded stocks, performance can differ somewhat from a standard global index.

Fund flows into social justice stocks vary with the global economy, risk appetite and demand for values-based investing, and money sometimes moves into related products when interest in responsible investing rises. It is also worth noting that performance varies with the global economy and currency movements.

Its strengths are the reflection of social justice values and global diversification, while tracking differences, currency effects and screening constraints are the considerations.

For exposure to fundamentally weighted foreign equities, direct substitutes include FNDF, and for active beta foreign equities, products such as GSIE are also worth comparing. Investors who want global natural resource companies can also consider products such as GNR. The three products shown in the table, FNDF, GSIE and GNR, are run with fundamental, active beta and natural resource strategies without social justice screening, so they differ in construction criteria, while this ETF is differentiated by its global selection based on social justice criteria.

Here are the points to review before investing in JSTC. The reflection of social justice values and global diversification are appealing, but tracking differences, currency effects and screening constraints need to be checked in advance. It is also a good idea to compare it with standard global products that are run without such criteria.

Tracking differences from social justice screening, a global economic slowdown and currency swings are the main variables for long-term performance, and the screening can make the portfolio differ from a standard global index and limit exposure to certain sectors. Losses can occur when global markets weaken.

It is a suitable candidate for value-driven investors who want to invest in global equities while reflecting social justice values. For global equity investing without such criteria, consider products such as FNDF and GSIE, and for social justice global exposure, it is advisable to compare this product alongside them before choosing.