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Faith Investor Services launches active, biblically responsible ETF

Faith Investor Services and Capital Insight Partners have announced the launch of the FIS Biblically Responsible Risk Managed ETF, described as the first-ever active, biblically responsible, risk-managed ETF. 

Faith Investor Services and Capital Insight Partners have announced the launch of the FIS Biblically Responsible Risk Managed ETF, described as the first-ever active, biblically responsible, risk-managed ETF. 

The ETF is listed on the New York Stock Exchange with the ticker: PRAY. The firm writes that in order to help mitigate overall volatility, PRAY has the ability to adjust its exposure to short-term cash instruments as market conditions warrant. CIP serves as the sub-adviser, with a team of four seasoned portfolio managers who understand the importance of aligning investments with faith-driven values.

“While biblically responsible investing has existed for decades, there has not been a truly active strategy that offered built-in risk mitigation until now,” says FIS CEO Mike Skillman. 

“This is critical in order to give Christians a way to invest without having to compromise their faith or take unnecessary risk. Through PRAY, our investors can know they’re making a financial decision in alignment with their Christian morals, while potentially navigating turbulent market environments.”

Biblically responsible investing refers to a faith-driven investment strategy that seeks to invest in companies whose values and actions align with those of Christianity. PRAY is actively managed by CIP’s team of experienced portfolio managers, both in seeking sound investments and adherence to biblical values. PRAY provides all-cap, global stock market exposure.

Before an investment is added to the portfolio, CIP conducts ethical screening as well as quantitative and qualitative analysis to ensure that the company’s business practices do not conflict with Christian values. The active screening process omits companies that profit from abortion, as well as those that produce weapons of mass destruction, adult entertainment, gambling software, and alcohol and tobacco products. CIP is led by Steve Nelson, a devoted Christian and portfolio manager with 35 years of investment experience.

“Capital Insight Partners is humbled to serve clients with a strong interest in faith-based investing,” says Nelson. “The launch of this risk-managed ETF takes our capabilities further and introduces a new investment vehicle to the broad Christian community. We feel companies that serve the greater good are more likely to prosper and grow sustainably over the long term. CIP believes in the efficacy of biblically responsible investing, so we’re grateful for this opportunity to work with a firm like Faith Investor Services that adheres to the same ethical principles.”

PRAY will be FIS’ second faith-based ETF offering. Their first, the FIS Knights of Columbus Global Belief ETF (NYSE: KOCG), launched in July 2021 and is sub-advised by the Knights of Columbus Asset Advisors (KoCAA). KOCG is managed in accordance with the investment guidelines set by the United States Conference of Catholic Bishops.

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