UBS recently launched the InsightShares Patriotic Employers ETF (NYSEArca: HONR) to target companies that support U.S. veterans.
Patriotic Portfolios Honor Our Vets
Veterans bring a number of useful skills that may be applied across a number of fields, including leadership, resilience, team building, adaptability, work ethic and mastery of technologies.
UBS has implemented Military Friendly Ratings, which identifies companies who are doing the best job of providing opportunities to our country’s veterans.
Related: A Powerful ETF That Taps into Veteran Skillsets
The index has shown similar growth to the S&P 500 with a more attractive P/E ratio and less exposure to volatile and more expensive technology stocks. HONR covers companies include Schlumberger, ADP, Norfolk Southern and Intel.