Harbor Capital launches ETF targeting US small-caps with strong corporate cultures

Harbor Capital Advisors has launched the Harbor Corporate Culture Small Cap ETF (HAPS US), which focuses on US small-cap companies with strong corporate cultures. The fund was developed in collaboration with Irrational Capital, an investment research firm that uses data science to investigate the relationship between corporate culture and stock price returns. The ETF is linked to the CIBC Human Capital Factor Small Cap Index, which uses Irrational Capital’s data analysis capabilities to aggregate employee responses on characteristics such as trust, purpose, pride and psychological safety. The index selects the highest-scoring companies for inclusion in the portfolio, targeting around 200 stocks.