SAN JOSE, Calif., March 19, 2018 (Newswire.com) — Inspire Investing continued their ascension in the investing industry with a big day of inflows on Tuesday, propelling their Inspire Corporate Bond Impact ETF (NYSE: IBD) to become the largest Socially Responsible-themed fixed-income ETF by assets under management, according to data from ETF.com.
IBD ended the day with $46.59 million in assets under management.
“We are incredibly humbled by the outpouring of support and enthusiasm from investors around the world. Many so-called experts were skeptical when we first launched our ETFs, but our investors have proven the skeptics wrong. We believe there is continued demand for index-based, biblically responsible investments. We’re just getting warmed up,” says Robert Netzly, CEO of Inspire Investing.
Inspire Corporate Bond Impact ETF (NYSE: IBD) is a biblically responsible alternative for investors seeking to make a positive impact with their investments without sacrificing quality investment management. With an expense ratio of 0.61 percent, the fund is designed to be a core fixed-income holding.
IBD is comprised of intermediate-term, investment-grade bonds issued by some of the most inspiring, biblically aligned companies in the United States as measured by their Inspire Impact Score. Historically, intermediate-term bonds have had less sensitivity to interest rates than longer-term bonds and may provide a better choice for investors in a rising interest rate environment.
There are currently 193 holdings in the fund, including bonds from JM Smucker, Caterpillar, Lowe’s and AbbVie.
IBD’s holdings must pass a diligent selection process that seeks to identify companies that are operating as businesses of blessing to their customers, communities, workforce and the world. AbbVie, for example, is a world leader in developing cutting-edge cancer treatments, as well as helping those battling against HIV, hepatitis and other illnesses.
Not only does Inspire Investing seek to invest in the most inspiring companies in the world, but they also aim to be one of the most inspiring companies in the world. As such, Inspire donates 50 percent or more of their corporate profits to Christian ministry every year. Last year alone, Inspire provided clean water to impoverished villagers in Nepal, provided relief for Syrian refugees and Hurricane Harvey victims, sent Bibles into North Korea and shared the hope of Christ with thousands of youth in America.