Inspire's Biblical ETFs Have Largest Volume Day on Record
This influx of volume came from Ambassador Advisors, an independent Registered Investment Advisory (RIA) firm that decided to transition their entire $520 million firm into biblically responsible investments
SAN JOSE, Calif., March 28, 2019 (Newswire.com) - The Inspire Global Hope ETF (NYSE: BLES), Inspire Small/Mid Cap Impact ETF (NYSE: ISMD) and Inspire Corporate Bond Impact ETF (NYSE: IBD) all had record trading volume on March 12, 2019.
BLES recorded 1.13 million shares traded, ISMD recorded 952,400 shares traded and IBD recorded 978,200 shares traded. This buying volume represented roughly $80 million in net new assets and propelled Inspire’s total assets under management (AUM) to $361 million as of March 14.
This influx of volume came from Ambassador Advisors, an independent Registered Investment Advisory (RIA) firm that decided to transition their entire $520 million firm into biblically responsible investments.
“The biblically responsible investing (BRI) movement is continuing to gather momentum,” says Robert Netzly, CEO of Inspire. “It is exciting to see a sophisticated, half-billion-dollar AUM firm making the decision to go all-in with BRI. I believe we will see many more firms make decisions like this in the coming years. This is only the beginning.”
Ambassador Advisors is a financial planning and money management firm based out of Lancaster, Pennsylvania, that exists to support and promote biblical stewardship through financial planning, estate strategies and money management services for non-profits, charities, individual donors and investors.
Here is what Ambassador Advisors Chief Investment Officer Christopher Coolidge, CFA®, had to say about the transition: "We believe you shouldn’t have to compromise performance to live your values. There's more to making money than just making money. Biblically responsible investing allows Christians to apply their stewardship and the belief that all money is God’s money, not only for budgeting and giving purposes, but all the way through investing and legacy planning."
All Inspire ETFs seek to invest in the most inspiring, biblically aligned companies in the world, as measured by Inspire’s revolutionary Inspire Impact Score methodology, which measures a company’s alignment with biblical values and positive impact on the world.
About Inspire Global Hope ETF (NYSE: BLES)
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. This fund seeks to replicate investment results that generally correspond to the performance of the Inspire Global Hope Large Cap Equal Weight Index.
BLES invests on a global scale, searching out inspiring, biblically aligned large companies (with a $5 billion-plus market cap) from both the U.S. and around the world, as determined by Inspire’s Impact Score methodology. BLES targets a geographic composition of 50 percent United States, 40 percent developed international and 10 percent 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 $136.8 million as of March 14, 2019.
About Inspire Small/Mid Cap Impact ETF (NYSE: ISMD)
The Inspire Small/Mid Cap Impact ETF is comprised of the 500 most inspiring, biblically aligned US small and mid cap stocks from a diverse array of sectors, as measured by their Inspire Impact Scores. The fund is comprised of 50 percent U.S. mid cap companies with market cap between $2 billion-$3.5 billion and 50 percent U.S. small cap companies with market cap between $1 billion-$2 billion. ISMD seeks to replicate investment results that generally correspond to the performance of the Inspire Small/Mid Cap Impact Equal Weight Index.
ISMD currently has total net assets over $79.2 million as of March 14, 2019.
About Inspire Corporate Bond Impact ETF (NYSE: IBD)
The Inspire Corporate Bond Impact ETF is the largest ESG-themed fixed-income ETF currently on the U.S. market, beating out such industry giants as iShares, Nuveen and VanEck.
IBD invests in 250 investment grade, intermediate-term corporate bonds issued by some of the most inspiring large cap “blue chip” companies in the United States, as determined by Inspire’s revolutionary Inspire Impact Score methodology. Inspire defines “large cap” as a market capitalization of $5 billion or greater and “investment grade” as BBB-/Baa3 or higher.
This fund seeks to replicate investment results that generally correspond to the performance of the Inspire Corporate Bond Impact Equal Weight Index.
IBD currently has assets of $94.1 million as of March 14, 2019.
Investment advisory services offered through CWM Advisors LLC dba Inspire, a registered investment advisor with the SEC.
Important Risk Information:1 Inspire, the adviser, provides the index for the Inspire Funds to track. The indexes use software that analyzes publicly available data relating to the primary business activities, products and services, philanthropy, legal activities, policies and practices when assigning Inspire Impact Scores to a company. The securities with the highest Inspire Impact Scores are included in the Indexes and are equally weighted. As the Fund may not fully replicate the Index, it is subject to the risk that investment management strategy may not produce the intended results.
Past performance is no guarantee that the Funds will achieve their objective, generate positive returns or avoid losses.
Securities in the Index or in the Fund’s portfolio may underperform in comparison to the general securities markets or other asset classes. The Fund may focus its investments in securities of a particular industry to the extent the Index does. This may cause the Fund’s net asset value to fluctuate more than that of a fund that does not focus in a particular industry. Fluctuations in the value of equity securities held by the Fund will cause the net asset value (“NAV”) of the Fund to fluctuate.
Investments in foreign securities could subject the Fund to greater risks including, currency fluctuation, economic conditions and different governmental and accounting standards.
The Fund is not actively managed and the Adviser will not sell shares of an equity security due to current or projected underperformance of a security, industry or sector, unless that security is removed from the Index or the selling of shares of that security is otherwise required upon a rebalancing of the Index as addressed in the Index methodology. Tracking error may occur because of imperfect correlation between the Fund’s holdings of portfolio securities and those in the Index. The Fund’s use of a representative sampling approach, if used, could result in its holding a smaller number of securities than are in the Index. To the extent the assets in the Fund are smaller, these risks will be greater.
Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus which contains this and other information, call 877.658.9473 or visit http://www.inspireetf.com. Read it carefully. The Inspire ETFs are distributed by Northern Lights Distributors LLC, Member FINRA/SIPC.
Inspire and Northern Lights Distributors LLC are not affiliated. 3225-NLD-3/26/2019
Source: Inspire Investing
Tags: biblically responsible investing, ESG, ETF, exchange traded fund, faith based mutual fund, index fund, Inspire Corporate Bond Impact ETF, Inspire Global Hope ETF, Inspire Small/Mid Cap Impact ETF, socially responsible investing, SRI