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A belief-based investment firm participated with S&P Dow Jons indices to create a new index and exchange traded fund (ETF), which will complete the agel Christian investor,
Bontful Financial and S&P Dove Jones collaborated to create the S&P 500 Christian Values Screening Index, which the firms made first announcement in a suit of the indices sewn by the firms.
“We are proud to live with greater integrity by aligning their investment with their values,” said David Freedman, head of Christian Investment Solutions at a bountable financial financial,. “The launch of this major index in collaboration with S&P DJI underlines our commitment to democratizing Confidence in investment,
The new Christian Value Index Fund will screen companies based on their involvement in activities such as abortion, stem cell research, adult entertainment, hunter borrowing, entertaining cannabis, gambling, tobacco and violent video games.
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The Evengelical Christian Value Index excludes S&P 500 companies that are engaged in some activities out of the sink with confidence. (Baltimore Sun / Contributor / Getty Images)
Once the index excludes companies that are disqualified on the grounds, to align the sector adjustment with widespread S&P 500 To reduce tracking error.
Planning an investment firm Launch ETF And other financial products that track the S&P 500 Christian Values Screening Index later this year.
Bontful Financial CEO Reid Stadman said that the new index is a one -year product of thoughtful collaboration with S&P DJI, “This, adding, in a world where values are more important than before, Christian investors are worth the devices that support both their financial and spiritual goals.”
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The end of this year is planned by the Bodyful Financial and S&P Dow Jones Indege to launch ETFs and other products based on the Evengelical Christian Value Index. ( / Fox News)
Bontful Financial has earlier created several thematic index funds, with index oriented around the values of Roman Catholic and Letter-Day Sants Faiths.
Cameron Drinkwater, Chief Product Officer of S&P Dow Jones Indis, said the firm is “happy to collaborate with Bomtiful Financial for our expansion Faith-based indexWhich are designed for market participants, seeking tools to align their religious beliefs with their investment strategies. ,
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“S&P 500 Christian Value Screening Index joined our market-lead-based benchmark suit, which reveals the ongoing commitment of S&P DJI at this place,” Drinkwater said.
