A provider of faith-based ETFs reports that its latest offering reached $100 million in assets under management in just 11 days, from March 25 to April 4.
Boise, Idaho-based Inspire Investing says its new Inspire 500 ETF (NYSE: PTL) offers a 0.09% expense ratio, offering faith-based investors access to U.S. large cap, “biblically screened companies” at the lowest price point available.
“Both advisors and their clients have been asking for lower costs when it comes to faith-based investing, and PTL not only provides this but also avoids the problematic ‘Magnificent 7’ since they are screened out of all our funds,” says Robert Netzly, CEO of Inspire. “These factors, I believe, have led to one of the fastest growing funds we’ve ever launched.”
Inspire Investing bills itself as the world’s largest provider of faith-based ETFs and creator of the Inspire Impact Score, which it says investors worldwide use to measure the alignment of their investments according to Biblically Responsible Investing (BRI) principles.
Inspire Investing’s newest faith-based ETF surpasses $100M AUM in 11 days
The new Inspire 500 ETF offers access to U.S. large cap, “biblically screened companies” at the lowest price point available.
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