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Stock impact report

The Health Care Stock Fund With An Ulterior Motive [Forbes]

Precigen, Inc. (PGEN) 
Last precigen, inc. earnings: 3/2 04:05 pm Check Earnings Report
Company Research Source: Forbes
“I have never known much good done by those who affected to trade for the public good,” Adam Smith said. Maybe he'd have made an exception for the Simplify Health Care exchange-traded fund. All of its 0.5% fee revenue, after overhead, is donated to the Susan G. Komen Breast Cancer Foundation. The fund's portfolio manager, Michael F. Taylor, takes no salary. Private businesses that give away all profits and also succeed as businesses are scarce; the Newman's Own food branding operation, which has donated $600 million to children's causes, is unusual. An eleemosynary aim would seem to be even more out of place on Wall Street, where “greed is good” is the mantra. “This is the first true impact-investment ETF,” brags Taylor, 52, who retired young and prosperous from a hedge fund career. “I have the luxury of not having to receive money for my efforts.” So far the fund has sent $250,000 to Komen. He picked Komen, he says, because it can effectively invest money in medical research—som Show less Read more
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