Inspire’s biblically responsible ETF receives 5-Star Morningstar rating
The Inspire 100 ETF from biblically responsible ESG investing firm, Inspire Investing, has recently celebrated its fourth anniversary and received a 5-Star Morningstar Rating on three-year returns as of September 30, 2021.
The firm writes that as a US large cap index fund, it is worthy of mention that BIBL landed in the top 18 percentile rank out of 1,257 other funds in Morningstar’s Large Blend category without exposure to the high-flying FAANG stocks, referring to the mega-cap technology giants Facebook (now called Meta), Apple, Amazon, Netflix and Google, as none of the FAANG pass Inspire’s biblically responsible investing standards.
“We are truly humbled with the 5-Star rating received by our flagship fund,” says Robert Netzly, CEO of Inspire. “Every recognition like this continues to reinforce our belief that our Inspire Impact Score approach to biblically responsible ESG investing can deliver exceptional investment outcomes for faith-based investors.”
BIBL has grown rapidly along with Inspire’s other biblically responsible ETFs, pushing total assets under management over USD1.8 billion.