Introducing exchange-traded funds with ‘biblical values’

Mark Garrison Mar 7, 2017
Share Now on:
HTML EMBED:
COPY
Eric Thayer/Getty Images

Introducing exchange-traded funds with ‘biblical values’

Mark Garrison Mar 7, 2017
Eric Thayer/Getty Images
Share Now on:
HTML EMBED:
COPY

A new set of funds has been created for people with strong religious views.

Most people use exchange-traded funds, which allows investors to put money into a lot of companies at once, to invest in something big and broad like the S&P 500 index, but you can also get very specific, like companies that share the same beliefs. The new ETFs, which debuted a few weeks ago, focus on biblically friendly companies.

“What this fund manager is doing is taking the index like the S&P, or another broad index, and taking out companies that don’t track what he calls ‘biblical values,'” Liz Moyer of The New York Times told us. Moyer tackled the debut of these funds in a recent article.

She said companies with “biblical values” may include those that provide charitable endeavors with resources, along with businesses “that are engaged in ecology and the earth.” But what characteristics would exclude a company from the fund? Here’s what she said:

You are a company with “non-biblical” values if you:

  • Sell pornography
  • Sell alcohol
  • Sell tobacco
  • Sell firearms
  • Are vocal about lesbian, gay and transgender issues

Examples: Warren Buffet’s Berkshire Hathaway (a donor to Planned Parenthood), Apple (porn can be purchased on iTunes) and Amazon (has publicly supported gay marriage).

If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air.  But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.

Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.

When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.

We’re here for you.

As COVID-19 reshapes our economy, our newsletter will help you unpack the news from the day.