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FaithShares launches ETFs for Christian investors

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FaithShares Trust has launched three exchange-traded funds addressing the investment needs of Christian investors.

The funds are managed by FaithShares Advisors.

The securities held in each of the funds, FaithShares Catholic Values Fund, FaithShares Methodist Values 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 leading provider of environmental, social and governance research and indexes, to create a series of custom indexes on which the funds are based.

"We created these funds to meet the needs of investors who want to participate in the potential of the stock market, yet be good stewards of their money," says Thompson S. Phillips Jr., president of FaithShares. "As an ETF, each of our funds will include 100 stocks of large, well-known companies but specifically exclude those considered to be ‘objectionable industries’ by a specific denomination. Our funds are the first Christian ETFs in the market."

The FaithShares funds allow individuals and groups to invest in accordance with the tenets of their faith in one security, while still getting exposure to the broad market. The portfolios will be screened to exclude companies that benefit from gambling, alcohol, tobacco, pornography, weaponry and other activities that are included in each denomination’s published criteria.

On 15 December, FaithShares anticipates launching two additional funds specifically aligned with the Baptist (FaithShares Baptist Values Fund) and Lutheran (FaithShares Lutheran Values Fund) faiths.

Annually, FaithShares Advisors will give a minimum of ten per cent of its net income to a ministry associated with the respective denominations.

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