Alternative Investments/ESG: Inspire Adds Two New ETFs To Its Biblical Range
The two actively managed ETFs address the rising demand for faith-based investments.
The Inspire Faithward Large Cap Momentum ETF (NYSE: FEVR) and the Inspire Faithward Mid Cap Momentum ETF (NYSE: GLRY) are two new, actively managed biblically responsible ETFs from the house of Inspire Investing. (Yahoo Finance)
In July, the asset manager launched its Tactical Balanced ESG ETF (NYSE: RISN). It was the world’s first actively managed ETF for faith-based biblical investing.
Both ETFs go through a dual screening process. It starts with the identification of the most inspiring, biblically aligned companies in the world using the Inspire Inspire Impact Score methodology.
Sub-advisors Faithward Capital then apply their FEVRR investment screening process to further filter the investments based on (F)inancial health, (E)arnings trends, (V)aluation, (R)elative strength, and (R)isk.
Inspire Faithward Large Cap Momentum ETF (NYSE: FEVR)
The Inspire Faithward Large Cap Momentum ESG ETF is a faith-based ESG ETF. It seeks to maximize growth with lower volatility than the broader US large-cap stock market by applying the proprietary Impact Score and technical analysis driven “FEVRR” method to find biblically aligned stocks with high growth potential.
FEVR comprises 40-50 biblically aligned large-cap U.S.-domiciled stocks with a minimum market cap of $10B or higher.
The actively managed ETF features an expense ratio of 0.85%.
Inspire Faithward Mid Cap Momentum ETF (NYSE: GLRY)
The Inspire Faithward Mid Cap Momentum ESG ETF is a faith-based ESG ETF. It seeks to maximize growth and outperform the results (before fees and expenses) of the broader U.S. midcap stock market by applying the firm’s Impact Score and technical analysis-driven “FEVRR” method to find biblically aligned stocks with high growth potential.
FEVR comprises 40-50 biblically aligned mid-cap U.S.-domiciled stocks with a market cap between $3 billion and $10 billion market cap.
The actively managed ETF features an expense ratio of 0.85%.
Demand growing for faith-based investments
“By the grace of God, we have continued to see an increase in demand for faith-based investments, even in the midst of a pandemic,’ said Inspire CEO, Robert Netzly. “We are humbled to be able to launch two biblically responsible options with Faithward Capital for those investors looking to incorporate active management in their portfolios.”
As of November 13, 2020, the firm’s biblical ETFs have gained over $649 million in assets. The firm now offers eight biblically responsible ESG ETFs.
Related Story: The Inspire Tactical Balanced ESG ETF for Faith Investing
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