Serving mammon and making money, all while adhering more or less to one’s Christian value system, just got a little more difficult after FaithShares announced it would soon shut down four exchange traded funds (ETFs) tailored to the presumed values and strictures of Baptists, Catholics, Lutherans and Methodists.
The four ETFs were among five offered for the past three years by the Oklahoma-based firm in an effort to target a Christian investor base it estimated at more than 150 million households nationwide. Within a few weeks, Christian investors looking for type of specialized investment will only have one FaithShares ETF to invest in: the FaithShares Christian Values Fund ETF (FOC). All five of the company’s ETFs were originally classified as large-cap blend equities ETFs.
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