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Friday, 3 March 2017

What exactly is in those Bible-based ETFs, anyway? | FT Alphaville

What exactly is in those Bible-based ETFs, anyway? | FT Alphaville:

"Lent is upon us, and with it a flurry of news stories about “Biblically responsible ETFs.” They followed a well-timed press release about two new ETFs that claim to exclude companies with “any degree of participation” in activities that don’t conform to Bible Belt “biblical values”. That includes “the LGBT lifestyle,” which they apparently consider to be worse than multi-level marketing, oil drilling and the military-industrial complex.* As Dealbook helpfully reminds us, excluding LGBT-friendly companies is tough, since most big companies have policies against discrimination based on a person’s L, G, B or T status."



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