Strive Asset Management’s STRV is a passively managed Exchange Traded Fund (ETF) that seeks broad market exposure to 500 of the largest US publicly traded stocks. Apple (AAPL) is the fund’s current top holding.
Allison Prang for The Wall Street Journal:
Ramaswamy, who recently launched Strive Asset Management, said Disney should no longer take public positions on political issues that aren’t related to the company’s core business. The letter cited how Disney Chief Executive Bob Chapek took a stance on Florida’s parental rights in education bill.
Disney must act now,” Mr. Ramaswamy wrote in his letter, dated Monday. “If Disney continues speaking out on political issues that do not affect its business, it will face even greater pressure to act when they do. And the sides Disney will be expected to take won’t be the ones that are favorable to its business.”
In a separate letter to Apple, Mr. Ramaswamy pushed back on the company’s plans to conduct a racial-equity audit and asked the tech giant to make all hiring decisions without taking into account political beliefs, race, or sex.
Mr. Ramaswamy is the author of “Woke Inc.,” a book that argues companies shouldn’t be swayed by politics. Strive Management’s main fund, focused on energy, has $320 million in assets.
