Investing in an Emerging Market Index Fund to Help the Poor

I've been thinking about BLM and helping black people. I've seen many black people be victims of discrimination. It has happened throughout history and while I think racism has gone down over time (eg since the eighteenth century) there are still many people who hate blacks and want to hurt them.

The George Floyd incident had highlighted the racism against blacks in the world. Many have called for defunding of the police or donation to black charities or buying from black businesses, but many do not seem to be focused on investments.

Most groups have been empowered by attracting capital. This is how many Asian countries have developed quickly, improving the lives of many Asians very quickly.

So a simple way to help blacks in a sustainable way is to invest in them and to invest where most blacks are ie Africa. Unfortunately where I live, there is no investment fund that invests in Africa. The closest I can find is an ETF that tracks the MSCI Emerging Markets Index (MSCI EM) . This fund invests mostly in China, India, Brazil, Russia etc. The index is maintained by Morgan Stanley Capital International (MSCI) who add countries in there depending on whether they consider these countries "emerging markets." For example, recently Saudi Arabia was added to the MSCI EM Index and after this happened there was a large amount of capital that suddenly flowed into the country. South Africa and Egypt are the two most developed African countries and are already part of the index.

Over time, more and more African countries are likely to be added to the index as they develop and as they do they will have capital flooded in. Furthermore, many African countries not in the index may already do business with countries on the index eg with South African, Egyptian and especially Chinese businesses.

Basically what I am saying is that even though the MSCI EM Index is not a perfect way of investing in blacks, it is probably the closest we have, and the money goes to the world's poor and helps them develop. It is probably the best way we can help the poor.