A faith-based investment firm partnered with S&P Dow Jones Indices to create a new index and exchange traded fund (ETF) that will cater to evangelical Christian investors.
Bountiful Financial and S&P Dow Jones collaborated to create the S&P 500 Christian Values Screened Index, which the firms announced as the first in a suite of indices tailored for evangelical Christian investors.
"We are proud to empower Christian investors around the world to live with greater integrity by aligning their investments with their values," said David Friedman, head of Christian investment solutions at Bountiful Financial. "The launch of this flagship Index in collaboration with S&P DJI underscores our commitment to democratizing faith-driven investing."
The new Christian values index fund will screen out companies based on their involvement in activities like abortion, stem cell research, adult entertainment, predatory lending, recreational cannabis, gambling, tobacco and violent video games.
