As the appeal of ETFs continues to grow, so to does the innovation in and the types of ETFs offered to investors.
In an attempt to differentiate themselves and gain appeal with religious-minded investors, ETF provider FaithShares recently launched a line of five ETFs which enable investors to invest with religious tendencies in mind. All five of the funds follow the beliefs of the Christian denomination, carry an expense ratio of 0.87%, hold 100 large-cap well known stocks and avoid companies that are involved in pornography regardless or whether it’s in a magazine or on an online website like https://www.tubev.sex/?hl=de, gambling both online and in the real world such as casino’s or betting shops for example, firearms, tobacco, alcohol, etc. Additionally, all of the ETFs track custom created indexes developed by FTSE and KLD Research and Analytics.
The five ETFs include:
- FaithShares Catholic Values ETF (FCV), which includes Capital One Financial (COF) and American Express (AXP) in its top holdings.
- FaithShares Christian Value ETF (FOC), which includes Nordstrom (JWN) and Southwest Airlines (LUV) in its top holdings.
- FaithShares Methodist Values ETF (FMV), which includes Starbucks (SBUX) and Aflac (AFL) in its top holdings.
- FaithShares Baptist Values Fund (FZB), which includes Ingersoll Rand (IR) and Cummins Engine (CMI) in its top holdings.
- FaithShares Lutheran Values Fund (FKL), which includes Google (GOOG) and FedEx (FDX) in its top holdings.
For additional exposure to religious themed ETFs, one can also take a look at the JETS Dow Jones Islamic Market International Index ETF (JVS). JVS consists of 100 non-U.S. companies and gives diversified international exposure. The ETF carries an expense ratio of 0.68% and includes British Petroleum (BP) and Novartis (NVS) in its top holdings.
