The benefits off exchange traded fund investing — getting cheap exposure to a broad universe<br />of stocks — can be diminished by eliminating companies based on subjective criteria.<br />This week, Inspire Investing, based in Hollister, Calif., introduced the two biblically responsible funds, a small-<br />and medium-size company fund and a large-company fund called Inspire Global Hope Large Cap ETF<br />There are also the $790 million iShares MSCI KLD 400 Social ETF<br />and the $500 million iShares MSCI USA ESG Select ETF, which look for stocks of companies with good labor policies or sustainable and renewable products.<br />We have families, we go to work, we simply wish to be treated equally.”<br />The chief executive of the company that introduced the two new funds, Inspire Investing, says he has no problems with companies providing benefits to lesbian, gay, bisexual<br />and transgender employees and having nondiscrimination policies.<br />Now, two new exchange traded funds offer a conservative evangelical — what is called “biblically responsible” — tilt to that investing approach.<br />But he added, “A company deciding to spend money and time to pursue a hard-line activist agenda<br />that has nothing to do with their core business is a different issue, and is a waste of investor dollars.”<br />Issues investing — some call it “socially responsible investing,” which includes the “E.<br />Ninety-two percent of the Fortune 500 companies include “sexual orientation” in their nondiscrimination policies<br />and 82 percent include “gender identity.” For the first time, half of Fortune 500 companies offer transgender-inclusive health care benefits, including for surgical procedures.
