FaithShares unveils two values funds

The FaithShares Baptist Values fund and Lutheran Values fund, listed on NYSE Arca, track indices created by FTSE Group in conjunction with KLD Research and Analytics, a provider of environment, social and governance research and indices. The funds offer exposure to the broad market, while complying with the tenets of investors' faith. The portfolios are screened to exclude companies that benefit from gambling, alcohol, tobacco, pornography, weaponry and other activities included in each denomination's criteria. FaithShares president Thompson Phillips says: "As an ETF, each of our f...