Alternative Investments/ESG: Faith+Knights Of Columbus Launch ETF Designed For Catholic Investors

https://dailyalts.com/wp-content/uploads/2021/07/Screenshot-from-video.jpg

The new ETF is a faith-based opportunity backed by an expert institutional investment team.

Faith Investor Services, LLC (FIS) and Knights of Columbus Asset Advisors (KoCAA) have together launched a new ETF that seeks to offer investors access to a global portfolio of financially attractive stocks whose business practices align with the investment criteria established by the United States Conference of Catholic Bishops (USCCB). The new fund, the FIS Knights of Columbus Global Belief ETF, will trade under the ticker symbol KOCG. (Yahoo Finance)

FIS Knights of Columbus Global Belief ETF ( KOCG )

Speaking on an interview with ETF Trends, Michael Skillman, CEO of FIS, said even though there were over 70 million Catholics in the US, and over two million of them were a part of Knights of Columbus, there were “few viable options for people of faith to maximize their portfolios while remaining true to their beliefs.”

FIS is a wholly owned subsidiary of Slate Hill Partners, while KoCAA is a wholly owned subsidiary of the Knights of Columbus, a global Catholic fraternal organization founded in 1882.

“This fund is an example of how Catholics can invest their money in a way that is compatible with their faith and can potentially grow their wealth,” said Anthony Minopoli, president and chief investment officer of KoCAA. “We believe KOCG is a great solution for Catholic investors.”

KOCG is an actively managed fund that strictly follows the investment policies of the USCCB comprising the following six major themes:

  • Respect for life
  • Pursue economic justice
  • Promote human dignity
  • Protect the environment
  • Catholic teachings on war and peace
  • Encourage corporate responsibility

The fund will avoid investing in companies that are believed to be involved with abortion, contraception, pornography, embryonic stem cell research/ human cloning, weapons of mass destruction, or other enterprises that conflict with the USCCB Guidelines.

KOCG carries a gross expense ratio of 0.75% and will trade on the NYSE Arca exchange.

 Related Story:  Inspire Adds Two New ETFs To Its Biblical Range

Image credit: Screengrab from video (Knights of Columbus) – “Knights Encourage Catholics to Safely Attend Mass”                                 

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2021/07/home-page-section-app.jpg
FinTech: UK-Based BNPL Player Zilch Closes Series B With Additional $110M
July 23, 2021     FinTech, News

The $110 million comprised both debt and equity capital. Zilch, the UK-based BNPL platform has raised an additional $110 million from Goldman Sachs and DMG Ventures. The funding is part…

https://dailyalts.com/wp-content/uploads/2021/07/dollar-2387088_640.jpg
Alternative Investments/Hedge Funds: Inflation Fears Boost Hedge Funds’ AUM To Nearly $4T
July 23, 2021     Alternative Investments, Hedge Funds, News

A market survey by alternatives technology provider Vidrio Financial shows that fears of inflation have helped move substantial fund allocations during the first half of 2021 to alternative assets such…

https://dailyalts.com/wp-content/uploads/2021/07/bitcoin-6251865_640.jpg
Alternative Investments/Digital: Global X Throws Its Hat In The Bitcoin ETF Ring

Global X, the New York-based ETF provider and subsidiary of $560 billion investment manager Mirae Asset, has filed with the SEC for permission to launch a bitcoin ETF titled the…

https://dailyalts.com/wp-content/uploads/2021/07/bitcoin-4011305_640.jpg
Digital Assets: Crypto Adoption Stories From JPMorgan, Gallup Poll, Bitcoin Depot, And UBS
July 23, 2021     Digital Assets, News

Four news bites that show cryptos are hanging on, recent crashes notwithstanding. From bitcoin ATMs to crypto FOMO, here goes….