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A faith -based investment firm collaborated with S&P Dow Jones Indices to create a new index and exchange traded fund (ETF) that will meet Evangelical Christian Investors.
BountIFul Financial and S&P Dow Jones worked together to create the S&P 500 Christian values, which the companies announced as the first in a tailor -made series for Evangelical Christian investors.
“We are proud to enable Christian investors around the world to live with more integrity by aligning their investments with their values,” says David Friedman, head of Christian investment solutions at Bountivul Financial. “The launch of this flagship index in collaboration with S&P DJI underlines our dedication to democratization Invest driven by faith. “
The new Christian Values Index Fund will express companies on the basis of their involvement in activities such as abortion, stem cell research, entertainment for adults, predatory credits, recreational cannabis, gambling, tobacco and violent video games.
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The Evangelical Christian Values Index excludes S&P 500 companies that undergo certain activities that do not run synchronously with faith. (Baltimore Sun / Employee / Getty images)
As soon as the index excludes companies that are not eligible on those grounds, sector adjustments are made to keep the index coordinated with the wider S&P 500 To reduce the tracking error.
The investment firm is planning to do that Launch ETFs And other financial products that follow the S&P 500 Christian values, screened index later this year.
BountIFUL Financial CEO Reid Steadman said that the new index is the “Product of a year of thoughtful collaboration with S&P DJI”, adding that, “in a world to which values matter more than ever, Christian investors deserve tools that support both their financial and spiritual goals.”
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BountIFul Financial has previously created various thematic index funds, including indexes that are aimed at the values of the Roman Catholic and Saints religion today.
Cameron Drinking Water, Chief Product Officer at S&P Dow Jones Indices, said that the company is “pleased to work together with abundant financial to expand us Faith -based indicesThey are designed for market participants who are looking for aids to coordinate their religious beliefs to their investment strategies. “
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“The S&P 500-Christian values screened index joins our market leaders who believe based on belief-based benchmark suite, and emphasizes the continuous dedication of R&P DJI to this space,” added drinking water.
