Hands waving in the air

NOW AVAILABLEA New Way to Advance Democracy Worldwide

The Democracy International Fund incentivizes democracy by influencing capital flows in financial markets. Our international equity portfolio is similar to other international equity index products, except it is weighted toward democracy and away from authoritarianism, with the intention of increasing the economic growth of democratic countries and the reverse for authoritarian states.

Our Mission

Shift capital flows to promote democracy and create market-based incentives for democratic reforms.


An Exclusive Partnership

Democracy Investments holds an exclusive license agreement with the publisher of "The Economist," The Economist Group, LTD, for the use of their Democracy Index for financial products globally.

In our view, the Economist’s Democracy Index is the most objective and transparent measure of democracy in existence.

A Democracy Portfolio Weighting

We use The Economist’s Democracy Index as an overlay to create an index that is the product of both market capitalization and democracy weightings.

All World Ex US Index
Starting Universe
The Economist's Democracy Index
Exclusive License Overlay
Democracy Investments International Index®
New Democracy Weighted Index

Our proprietary methodology results in a new democracy weighted index that aligns the portfolio with country democracy scores, resulting in higher allocations in democratic countries and lower in authoritarian regimes.

In short, our product is a way for investors to feel good about investing in democracy and values such as freedom of speech, fair elections and human rights, while enjoying similar returns to a typical international equity portfolio.

Recent News and Insights


November 08, 2023

Latest Insights with Leaders in ETFs

With Jenny Johnson, President and CEO

Franklin Templeton

CEO and Advisory Board Member Jenny Johnson joins Julie Cane, Patricia Lizarraga, and Amrita Nandakumar for an engaging discussion on the history and trends in ETFs, Franklin Templeton’s product strategies, and the inspirations behind launching new strategies in the growing marketplace.

September 30, 2023

Investing in Freedom

With Rusty Vanneman, CMT, CFA, CIO of Orion

The Weighing Machine Podcast

Julie talks to Rusty and Robyn about how global democracies impact the markets and shares perspective on international investing, shedding light on the benefits of transparency, stability, and a commitment to freedom.

July 18, 2023

Investing in Democracy & Making an Impact

With Jonathan DeYoe, SVP and Partner EP Wealth Advisors

Mindful Money Podcast

Jonathan and Julie discuss personal histories, index strategies, what inspired the focus on democracy as a criteria for investment and what the future may hold for Democracy Investments.

May 02, 2023

Making Markets – A Personal Conversation

With Reggie Browne, Principal


Lead Market Maker Reggie Browne and CEO Julie Cane discuss current events, their military family heritage, and how individual investors can benefit from a strategy that rewards freedom of choice and fair competition. Reggie reminisces on his trip to Lithuania in the 1980s during the collapse of the Soviet Union.

Disclosure: These videos represent an assessment of the market environment at a specific point in time and are not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the viewer as research or investment advice regarding the Fund or any security in particular.


The Compelling Case for International

By Christopher Browne, Democracy Investments

September 21, 2023

Democracy Investments’ Chief Investment Officer Christopher Browne, CFA, shares new data on international stock valuation, the benefits of diversification, and highlights global trade restructuring as we see the world beginning to bifurcate along distinct lines between the West and the BRICS.


Advancing Democracy

By Democracy Investments

September 8, 2023

Democracy Investments now has two and half years of track record. Read our latest update here to learn more about our strategy, methodology and the team that is leading the Democracy International Fund.


Democracy Investments Doubles AUM with Support from ETF Expert Ed Rosenberg

January 24, 2023

Democracy Investments International Fund ETF assets under management doubled to $10.5 million on Jan 23, 2023, thanks to new minority firm owner Ed Rosenberg


Democracy Investments Announces Jenny Johnson and Michael Levas to Join Advisory Board

December 16, 2021

Democracy Investments, advisor to the Democracy International Fund ETF (ticker DMCY), today announced that Jenny Johnson and Michael Levas will become members of its new advisory board to support the firm’s focus on advancing democracy with innovative financial products.


Democracy Investments Launches First Product, the Democracy International Fund (DMCY) ETF

April 05, 2021

Democracy Investments, a new company focused on promoting democracy by influencing capital flows in financial markets, announced the launch of their first product, the Democracy International Fund (DMCY) ETF.

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