Christian ETFs target faithful investors - MoneySense

Christian ETFs target faithful investors

The first Christian ETFs were launched this week on the New York Stock Exchange by U.S.-based FaithShares Advisors LLC.

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The first Christian ETFs were launched this week on the New York Stock Exchange by U.S.-based FaithShares Advisors LLC. One fund is aimed at Catholics, another to Methodists and the last one to non-denominational church members. FaithShares is planning to launch ETFs for Baptists and Lutherans later this month. The funds exclude companies involved in gambling, alcohol, tobacco, pornography and weapons. Depending on the denomination, other criteria may be used to screen out companies.

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