Deutsche Bank launched two exchange-traded funds for values based investors this week.

Both funds will directly invest in a portfolio of securities, rather than rely on swaps, or “synthetic” index replication.

The db x-trackers Stoxx Europe Christian Index tracks the performance of a basket of stocks attractive to Christians.  Companies are chosen from the broader Stoxx Europe 600 index using Christian-based screens, excluding, for example, companies involved in gambling or the arms trade.

The Global Fund Supporters ETF replicates the Dow Jones Global Fund 50 index to Fight AIDS, Tuberculosis and Malaria, a  collaboration between Dow Jones Indexes and the Global Fund.

Db X-trackers says the ETF, which invests in the largest public companies that support the mission of the Global Fund, is the first to help finance the fight against these diseases. The Global Fund, a global public/private partnership, has already committed $19.8 billion in 149 countries to support large-scale prevention, treatment and care programs.

The company says all of its ETFs that do not rely on swaps will have the label, "DR," for "Direct Replication" in the name. The approach has tax advantages and accommodates investors who wish to avoid derivatives.