Religion Investor Companies, LLC (FIS), in partnership with Knights of Columbus Asset Advisors (KoCAA), introduced the launch of its inaugural ETF in the present day on the New York Inventory Trade. The brand new fund, the FIS Knights of Columbus International Perception ETF, will commerce below the ticker image KOCG. As extra traders look to align their investments with their values, this ETF goals to offer them with a faith-based alternative backed by an professional institutional funding workforce.
FIS, a wholly-owned subsidiary of Slate Hill Companions (SHP), is helmed by asset administration veterans Michael Skillman and Joe Valdman. KoCAA is a wholly-owned subsidiary of the Knights of Columbus, a worldwide Catholic fraternal group based in 1882 with greater than two million members and over $120 billion of life insurance coverage in drive.
“This fund is an instance of how Catholics can make investments their cash in a manner that’s appropriate with their religion and might probably develop their wealth,” stated Anthony Minopoli, president and chief funding officer of Knights of Columbus Asset Advisors. “We imagine KOCG is a superb answer for Catholic traders.”
KoCAA manages practically $29 billion via numerous funding autos and adheres to funding pointers set by the US Convention of Catholic Bishops. The funding standards contains investing in corporations that align with Catholic values, akin to a respect for all times, respect for human dignity, and the Catholic Church’s stance on conflict and peace. Not like different faith-based ETFs, KOCG will probably be actively managed and is sub-advised to make sure the ETF constantly meets the excessive requirements set forth by the faith-based funding pointers.
“The launch of KOCG is a fruits of years of labor supported by a dedication to ship an distinctive faith-based ETF. I’m humbled that the Knights of Columbus has agreed to accomplice with us,” stated Valdman, managing accomplice at Slate Hill Companions and founding father of FIS. “The Knights has a dedicated membership that has continued to stay out Catholic values on the planet and has a observe document for aligning its cash with its mission. The mixture of a robust values system and a significant capital base positions KOCG to seize flagship standing for traders on the lookout for a fund that aligns with Catholic values.”
“FIS was based with the intent to ship traders ETFs that may create impactful change on the planet and align with their ethical pointers,” defined Mike Skillman, CEO of FIS. “We wish to equip individuals with a easy technique to spend money on adherence to their religion and ethical framework. We invite all these trying to align their religion with their investments to think about KOCG. We envision our platform will present comparable choices for traders of different religion backgrounds sooner or later.”
FIS plans so as to add extra merchandise to its lineup.
For extra info, go to www.faithinvestorservices.com.
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