Houses of the Holy ETFs
By Don Dion
About this article:
The first few months of 2009 were marked with a collection of curious religion-oriented ETF pitches. Earlier this April, for instance, FaithShares Advisors filed with the SEC for funds streamlined to suit the lifestyles of specific Christian denominations. FaithShares anticipates featuring such ETFs as the Baptist Values Fund, the Catholic Values Fund, the Lutheran Values Fund or even the Methodist Values Fund in their revolutionary new breed of ETF.
The general trend of these financial enigmas is somewhat reminiscent of the "socially responsible ETFs," such as iShares KLD Select Social Index, or even possibly environmentally aware ETFs, such as PowerShares WilderHill Clean Energy and PowerShares Global Wind Energy. However, the names of these funds can be considered somewhat misleading.
Most of the shares within these religious ETFs do not tie directly into their associated denominations. Instead, the ETFs gain their "religious" background through the underlying principle...
Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET.
Outside the U.S. and in Canada, call 1-212-321-5200.
|
|
|
 |
If you decide to subscribe and you're not completely satisfied with TheStreet.com RealMoney, just call us within the first 30 days of your subscription and we'll refund your full annual subscription price — guaranteed.
|
|
|
|
|
If you choose a 14-day free trial of RealMoney and you do NOT call to cancel within those 14 days, you will pay $129.95 — a $100 savings off the regular annual subscription price of $229.95. Unless you cancel before the end of that year, your subscription will automatically renew for another year at the then-current subscription price.
Offer applies only to new annual subscriptions, and is subject to change at any time. Void where prohibited.
If you choose a monthly subscription, you pay $34.95 per month. You will be notified if the current monthly rate of $34.95 changes at any time in the future.
TheStreet.com is a publisher. None of the contributors or their affiliates will provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. From time to time, any or all of the contributors or their affiliates may hold positions in securities mentioned and they may trade for their own accounts. In cases where the position is held at the time of publication, appropriate disclosure is made.
© TheStreet.com, Inc., 14 Wall Street, 15th Floor, New York, NY 10005.
|
