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Christian ETF family outperforms broad market

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FaithShares Advisors says its family of Christian exchange-traded funds have outperformed the broad markets’ performance since their launch.

 

The FaithShares Baptist Values Fund and the FaithShares Lutheran Values Fund, which were launched in mid-December, have returned -2.53 per cent and -2.74 per cent respectively since inception, compared with a return of -3.61 per cent for the S&P 500.

The FaithShares Catholic Values Fund, the FaithShares Christian Values Fund and the FaithShares Methodist Values Fund, all launched in August 2009, have returned 0.75 per cent, 0.69 per cent and 0.66 per cent since inception, compared with -1.65 per cent for the S&P 500.

"The funds’ performance is really not a surprise to us," says J. Garrett Stevens, the chief executive officer of FaithShares Advisors. "We specifically designed the funds with an equal-weighting of the stocks in the portfolio in an effort to outperform the broad markets during most types of market cycles. Even though it is a very short period of time, these results begin to verify the hypothetical back-testing we did."

Each of the five FaithShares funds is re-balanced each June to have 100 large-cap equally weighted stocks in each portfolio.

FaithShares believes that using the environmental, social and governance rankings from KLD Research and Analytics to select the companies in their indexes will also have a significantly positive impact on the funds.

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