Tuesday, December 15, 2009

Faith Based ETF Funds

So apparently the new hotness in the investing community is FAITH BASED ETF Funds. More specifically Christian Values based funds...  Or in the words of the seeking alpha article....ETFs Find Jesus: FaithShares Launches Three Christian Values ETFs.

 Excerpts from the seekingalpha article:

Over the last several years, ongoing innovation in the ETF industry has led to flurries of new product launches offering exposure to new asset classes and increasingly remote geographic areas. One of the most interesting current areas of new product development focuses on faith-based investing, the concept of considering compliance with religious laws and values when making investment decisions. Earlier this week, FTSE Group and KLD Indexes, a leading provider of environmental, social and governance (ESG) research and benchmarks, announced the creation of five custom indexes to be used for the creation of new exchange traded funds (ETFs). The benchmarks include:
  • FaithShares Christian Values Index
  • FaithShares Catholic Values Index
  • FaithShares Baptist Values Index
  • FaithShares Methodist Values Index
  • FaithShares Lutheran Values Index

I don't know about you guys, but this seems about as valid as the various other approaches out there... it would be interesting to see a Call of Chthulu Hedge Fund.

An interesting though though, does buying puts or selling short these ETF's imply something sinister about you? Will we see long/short combos like going long Catholics but short on the Somali Pirate ETF

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