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FaithShares launches two more Christian ETFs


FaithShares Trust has introduced two additional exchange-traded funds to its family of Christian funds.

The securities held in the FaithShares Baptist Values Fund and FaithShares Lutheran Values Fund are similarly tailored to both 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 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.

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

From 2000 to 2006, assets in other faith-based investments have grown seven-fold.

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