Religious ETFs Are About to Hit the Bond Market

[rug]

by Carolina Wilson , Dana Pardini , and Morwenna Coniam
May 23, 2017, 10:36 AM EDT

Ideology-driven exchange-traded funds are coming to the bond market.

Inspire, the Hollister, California-based firm with two ETFs that target companies with so-called biblical values, plans to launch the first religiously focused fixed-income fund within the next few weeks.

The Inspire Corporate Bond Impact ETF will be based on the Inspire Corporate Bond Impact Index, which has roughly 250 investment-grade, intermediate-term bonds issued by companies with market capitalizations of more than $5 billion. The index has returned nearly 5 percent over the past year, according to a fact sheet Inspire prepared on the gauge.

“A lot of institutional money managers have been beating the door down for it,” said Robert Netzly, Inspire’s chief executive officer. “We’re raising capital right now and are pretty close.”

https://www.bloomberg.com/news/articles/2017-05-23/religious-etfs-expand-to-bonds-as-values-investing-catches-on

http://www.inspireinvesting.com/

[democratisphere]

1. Biblical Value ETF Bonds

You've got to be kidding me!

[rug]

2. The dividends will go forth and multiply.

[democratisphere]

3. How did you get an advance copy of drumpf's speech for the Vatican?