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Faith Investor Services has launched the FIS Biblically Responsible Risk Managed ETF, the first active ETF that combines biblical values with risk management, listed on the New York Stock Exchange under the ticker PRAY. This strategy aims to align investments with Christian morals while providing exposure to the global stock market. Managed by Capital Insight Partners, the ETF employs ethical screening to exclude companies involved in controversial sectors. This marks FIS's second ETF offering, following the Knights of Columbus Global Belief ETF (KOCG) launched in July 2021.
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