San Jose, Calif., March 06, 2019 — Inspire Investing’s biblically responsible ETF, Inspire Global Hope ETF (NYSE: BLES), recently surpassed the $100 million AUM mark in under 2 years of trading. This comes despite a controversial launch on the New York Stock Exchange back on February 28th, 2017 when media outlets attacked the biblical values that Inspire and other biblically responsible investment managers advocate for.
Inspire’s commitment to supporting biblical values such as pro-life, traditional marriage and ending human trafficking with their investment offerings seems to resonate with investors across the globe.
Here is what Inspire CEO, Robert Netzly, had to say about the fund’s asset growth:
“When we launched BLES, there was skepticism from the industry and the media that an ETF managed according to biblical principles would gather much, if any, assets. We are incredibly humbled at the outcry of support from investors across the globe that are choosing to align their investments with their faith. This movement is just getting started!”
Inspire Global Hope ETF is a faith-based ESG (environmental, social and governance) global equity ETF that seeks to deliver quality performance characteristics while also creating meaningful impact in the lives of people across the globe.
BLES invests on a global scale, searching out inspiring, biblically aligned large companies (with a $5B+ market cap) from both the U.S. and around the world, as determined by Inspire’s revolutionary Inspire Impact Score methodology. This methodology measures a company’s positive impact on the world. BLES targets a geographic composition of 50% United States, 40% developed international and 10% emerging markets. The fund is equally-weighted, rebalanced quarterly and is designed as a core equity holding.
BLES was also nominated as a finalist for “Best New ESG ETF – 2017” in the ETF.com & Inside ETFs Industry Awards and currently has registered net assets over $106M as of February 26th, 2019.
For more information on the Inspire Global Hope ETF [NYSE: BLES], including performance, fact sheets, prospectus and other information, visit http://www.inspireETF.com/etf/inspire-global-hope-large-cap-etf/.
Despite the controversial launch, BLES has grown rapidly along with Inspire’s other biblically responsible ETFs, helping Inspire gain recognition as the #5 fastest growing registered investment advisor (RIA) firm in the nation in 2017, according to Financial Advisor Magazine’s “Top 50 Fastest Growing RIAs” annual report.
All four of Inspire’s ETFs total over $277M AUM as of February 26th, 2019.