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Monday, December 14, 2009
ETFs get religion: New FaithShares funds target Christian denominations
Filed under: Investing, Google , Microsoft, Starbucks, ETFs
Increasingly, people are choosing to put their money where their values are, and that sentiment isn't lost on money managers. Just this week, the first of three exchange-traded funds targeted at Christian investors hit the market. Two more will launch next week.
The securities held in each of the funds, FaithShares Catholic Values Fund , FaithShares Methodist Value Fund and FaithShares Christian Values Fund, are tailored to each denomination's teachings and recommendations for investing. FaithShares Advisors worked with the FTSE Group and KLD Research & Analytics, a provider of environmental, social and governance research and indexes, to create the series of custom indexes on which the funds are based.
Continue reading ETFs get religion: New FaithShares funds target Christian denominations
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Read More... [Source: DailyFinance]
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