Bringing you live news and features since 2006 

The US’s Inspire Investing removes ESG from its ETFs’ names

RELATED TOPICS​

US-based ‘biblically responsible’ ETP issuer, Inspire Investing with USD2 billion in assets, has removed the term ESG from its fund names.

The firm writes that the investment objectives and methodologies behind the funds are unaffected by this change, and all eight funds will continue to trade under their current tickers.

Inspire initially adopted the term “faith-based ESG” back in 2019 to describe their biblically responsible approach to investing and how it applies a biblical worldview to ESG criteria.

However, the firm writes that more recently, “due to pervasive liberal activism under the guise of ‘ESG’, the term has received backlash from conservatives and has become broadly perceived as the antithesis of biblical values. To reflect this development of public perception, Inspire publicly renounced the ESG label”.

Inspire’s CEO, Robert Netzly writes: “We adopted ESG hoping to see a ‘two-party system’ in the ESG community, where biblical values could provide counterpressure on the overwhelming progressive-left dominance in the space. Due to the escalation of leftist intolerance and rancour in recent months, we no longer desire to identify our investment approach as being part of the ESG category. In our view, ESG has joined CRT in the list of acronyms worth fighting against.”

Latest News

European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by