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ETFs get religion: New FaithShares funds target Christian denominations

Posted by GodSpeedDemon Monday, December 14, 2009

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etfs-get-religion-new-faithshares-funds-target-christian-denominationsIncreasingly, people are choosing to put their money where their values are, and that sentiment isn't lost on money managers. Just this week, the first of three exchange-traded funds targeted at Christian investors hit the market. Two more will launch next week.

The securities held in each of the funds, FaithShares Catholic Values Fund , FaithShares Methodist Value Fund and FaithShares Christian Values Fund, are tailored to each denomination's teachings and recommendations for investing. FaithShares Advisors worked with the FTSE Group and KLD Research & Analytics, a provider of environmental, social and governance research and indexes, to create the series of custom indexes on which the funds are based.

Continue reading ETFs get religion: New FaithShares funds target Christian denominations


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Read More... [Source: DailyFinance]

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