DALLAS–(BUSINESS WIRE)–February 8, 2022–
Faith Investor Services, LLC, (“FIS”) and Capital Insight Partners, LLC, (“CIP”) are pleased to announce the launch of the FIS Biblically Responsible Risk Managed ETF, the first-ever active, biblically responsible, risk-managed ETF risks. exchange-traded fund. This ETF is listed on the New York Stock Exchange (symbol: PRAY). In order to help mitigate overall volatility, PRAY has the ability to adjust its exposure to short-term cash instruments when market conditions warrant. CIP acts as a sub-advisor, with a team of four seasoned portfolio managers who understand the importance of aligning investments with faith-based values.
“While biblical responsible investing has been around for decades, until now there has been no truly active strategy that offers built-in risk mitigation,” says Mike Skillman, CEO of FIS. “This is essential to give Christians a way to invest without having to compromise their faith or take unnecessary risks. Through PRAY, our investors can know that they are making a financial decision in line with their Christian morals, while potentially navigating turbulent market environments.”
Biblically Responsible Investing (“BRI”) refers to a faith-based investment strategy that seeks to invest in companies whose values and actions align with those of Christianity. PRAY is actively managed by CIP’s team of experienced portfolio managers, both in finding sound investments and in adhering to biblical values. PRAY offers exposure to all capitalization global equity markets.
Before an investment is added to the portfolio, CIP conducts ethical screening as well as quantitative and qualitative analysis to ensure that the company’s business practices do not conflict with Christian values. The active selection process omits companies that profit from abortion, as well as those that produce weapons of mass destruction, adult entertainment, gambling software, alcohol and tobacco products. CIP is led by Steve Nelson, CFA, a dedicated Christian and portfolio manager with 35 years of investment experience.
“Capital Insight Partners is honored to serve clients with a strong interest in faith-based investing,” says Nelson. “The launch of this risk-managed ETF takes our capabilities even further and introduces a new investment vehicle to the wider Christian community. We believe businesses that serve the common good are more likely to thrive and grow sustainably over the long term. CIP believes in the efficacy of biblically responsible investing, so we are grateful for the opportunity to work with a company like Faith Investor Services that adheres to the same ethical principles.
PRAY will be the second faith-based ETF offering from FIS. Their first, FIS Knights of Columbus Global Belief ETF (NYSE: KOCG), launched in July 2021 and is sub-advised by Knights of Columbus Asset Advisors (KoCAA). KOCG is managed in accordance with investment guidelines established by the United States Conference of Catholic Bishops.
To learn more, visit www.faithinvestorservices.com.
About Faith Investor Services
Faith Investor Services, LLC, is an exchange-traded fund provider dedicated to providing faith-based ETFs that provide investors with access to investments consistent with their religious beliefs.
About Capital Insight Partners
Capital Insight Partners, LLC, of Scottsdale, Arizona, is a global, multi-asset class portfolio manager serving high net worth families, corporate retirement plans and institutions. CIP also serves as an Institutional Manager of Separately Managed Accounts (SMA) for other financial advisors and their clients. More information is available at www.cipinvest.com.
Carefully consider the investment objectives, risk factors and fees and expenses before investing. This and other information can be found in the PRAY or KOCG prospectus available at www.faithinvestorservices.com. Read all documents carefully before investing.
Investing in ETFs involves risk and there is no capital guarantee. There can be no assurance that the investment strategies of the Funds will be successful and you may lose money on your investment in the Funds. Shares may trade at a premium or discount to their net asset value in the secondary market. The Fund is new and has a limited operating history to judge.
Market risk. The prices of securities held in an ETF may fall in response to certain events occurring in the world, including those directly involving the companies whose securities are held; conditions affecting the general economy; general market changes; local, regional or global political, social or economic instability; and fluctuations in currencies, interest rates and commodity prices. Foreign and Emerging Market Risks. Investments in foreign securities may involve risks such as social and political instability, market illiquidity, exchange rate fluctuations, a high level of volatility and limited regulation. Investing in emerging markets involves different and greater risks, as these countries are significantly smaller, less liquid and more volatile than stock markets in more developed markets. Active management risk. ETFs that are actively managed make investment decisions based on the advisor’s investment views. There can be no assurance that investment prospects will produce the desired results or expected returns, which may prevent an ETF from achieving its stated investment objective or underperforming the benchmark or funds with and similar investment strategies. Catholic/Christian Values Investment Risk. ETFs that factor values into the investment process may choose not to buy or sell otherwise profitable investments in companies. This means that values-based ETFs can underperform other similar funds that don’t consider reported values when making investment decisions.
The investment advisor, FIS, and the sub-advisor, CIP, have limited experience managing a registered fund, so there is no long-term track record against which an investor can judge its ability to achieve the planned investment objectives.
ETFs are distributed by Foreside Fund Services, LLC.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220208005159/en/
Trevor Davis, Gregory FCA for Faith Investor Services
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
KEYWORD INDUSTRY: FINANCE ADVISORY RELIGION PUBLIC RELATIONS/INVESTOR RELATIONS BANKING COMMUNICATIONS PROFESSIONAL SERVICES CONSUMER OTHER PROFESSIONAL SERVICES
SOURCE: Religious Investor Services
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PUBLISHED: 08/02/2022 09:00/DISC: 08/02/2022 09:02