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ETF Focus: Should Wall Street let God guide stock-market investments?

The latest entrant to the exchange-traded fund universe takes its cues from the Good Book as much as the balance sheet, excluding companies that “do not align with biblical values,” as the prospectus puts it, and favoring ones with “Christian-themed products or services” or which otherwise operate along the tenets of the Christian faith.

The Inspire Global Hope Large Cap ETF BLES, +0.00% —which made its debut on Tuesday, along with a small and midcap fund ISMD, +0.28% with an identical strategy—was designed for religious investors looking to have their portfolio holdings align with their personal beliefs.

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