Alternative Investments/ESG: Faith Brings “Christian Values” To Stock Picking With New ETF
This is the second biblically oriented ETF from Faith, after its FIS Knights of Columbus Global Belief ETF (KOCG), which launched in July this year.
Faith Investor Services has filed for the launch of the FIS Biblically Responsible Risk Managed ETF which brings “Christian values” to stock investing. The ETF will trade on the NYSEARCA exchange and will invest in equities both at home and internationally. (Seeking Alpha)
FIS Biblically Responsible Risk Managed ETF
The actively managed fund will use a quantitative screen on the investable global universe looking for companies characterized as growth at a reasonable price (GARP).
The Faith fund then applies a Christian values overlay to define the opportunity set, and thereafter, fundamental research and qualitative analysis, along with top-down macroeconomic views are used to identify companies that have above-average investment potential.
The Fund makes investment decisions in accordance with Christian values and therefore, the Fund is designed to avoid investments in companies that are believed to be involved with abortion, contraception, embryonic stem cell research/human cloning, human rights violations, or who produce pornography, alcohol, tobacco, armaments that are unguided or indiscriminate, gambling equipment or software, betting establishments, or other enterprises that conflict with Christian values.
It will generally invest in companies whose market capitalization is greater than $1 billion. The Faith fund typically will invest in 60 to 80 portfolio companies.
Steven T. Nelson, CFA, Craig J. McCrory, CFA, Troy Dayton, CFA and Sara A. LaClair are the primary persons responsible for the day-to-day management of the Fund and have served as the portfolio managers for the fund since its inception.
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