Faith-Based Investing
by Cara Scatizzi
The number of faith-based mutual funds and exchange-traded funds (ETFs) has grown tremendously over the last few years.
These funds make investments based on the principles and teachings of a religion.
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How It Works
Most faith-based ETFs and mutual funds (no matter the religion) avoid companies that produce alcohol, tobacco and pornography. Some funds have a much longer list of banned investments, including companies engaged in producing and selling firearms, those in the oil industry, those related to gambling and, at times, banks. Some funds avoid companies whose corporate culture they find disagreeable.
The level of strictness depends on the religious principles that govern the funds. These principles may differ from your personal beliefs. Individual funds within similar faith categories will also have varying levels of strictness.
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Discussion
FaithShares is in the process of closing down its ETFs. They already closed 4 of 5 funds, and the fifth is closing on August 31st. It's too bad. I thought it was a good idea.
posted about 1 year ago by Darrin from Louisiana
Who can rationally buy this "faith based" nonsense? People who choose to blatantly ignore 400,000 years of the religious history of mankind?
They are more suited to feeding the Charlatans that rage on about all the absurdities of the bible, koran, talmud--give your money to them-you'll certainly be rewarded--Oh yeah!
posted about 1 year ago by Terrence from Colorado
