Skip to Content
ETF News

FaithShares No More: Christian ETF Firm Shutters Final Fund, Remakes Business Model

UBS rolls out two Internet IPO ETNs, plus, the week's best- and worst-performing ETFs.

Mentioned: , , , , , , , , ,

On Friday, July 15, FaithShares announced that it is closing the books on its final Christian-based exchange-traded fund, as of the end of August, and that its founder is reinventing the firm as a private-label ETF provider.

FaithShares previously had announced the shutdown of four other ETFs that chose securities based on specific values of four separate Christian denominations. Those ETFs ceased trading on July 15.

To view this article, become a Morningstar Basic member.

Register for Free

Robert Goldsborough does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.