The exchange-traded fund (ETF) issuer said the funds address what it describes as founder concentration while maintaining exposure to major US equity benchmarks.

New York-based ETF issuer Subversive ETFs, which focuses on thematic and activist-oriented investment strategies, has launched two actively managed exchange-traded funds the Subversive S&P 500 Redacted ETF (XXSP) and the Subversive Growth 100 Redacted ETF (XXQQ). The funds were branded ‘Redacted’ because they are intended to remove exposure to companies associated with Musk The funds provide exposure to the S&P 500 and Nasdaq 100 indices while excluding companies founded,