Alternative Investments/ESG: Inspire Advances The Biblically Responsible Investing (BRI) Movement With New ETF
The Inspire Fidelis Multi-Factor ETF is Inspire’s 9th fund launch.
Inspire Investing, which is the world’s largest provider of biblically responsible ETFs, has launched the Inspire Fidelis Multi-Factor ETF, a faith-based fund comprised of 100 high-quality, biblically aligned companies seeking growth and momentum purchased at a reasonable price. (CISION PRNEWSWIRE)
Trading under the symbol FDLS, the new ETF has an expense ratio of 0.85%.
It tracks the Fidelis Multi-Cap Multi-Factor Index and uses the Inspire Impact Score methodology to pick stocks that are biblically aligned. It seeks out businesses that are “a blessing to their customers, communities, workforce, and the world.”
Inspire CEO, Robert Netzly said in a statement: “By the grace of God, even in this tumultuous market, we have continued to see an increase in demand for faith-based investments. Today, we are excited to expand our product menu again and bring the Fidelis strategy from Wallick Investments to the masses through an ETF. This launch provides a new option for investors and advisors looking to incorporate factor investing into their biblically aligned portfolios.”
Related Story: Timothy Plan Launches Two ETFs For Biblical Investing
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