Bob Doll of Crossmark Global Investments introduced two new ETFs, the first for the firm, based on successful separately managed accounts strategies. The funds invest in Russell 1000 companies, excluding certain industries. Doll believes having ETFs is crucial for the firm’s success, with plans for more in the future.

Crossmark’s assets consist of two-thirds in portfolios with religious values screens. The firm aims to avoid products that could harm individuals. They plan to expand their ETF lineup to include six to eight offerings, catering to a broader client base with faith-based strategies.

Financial advisors see potential for more religious-specific ETFs, with room for products that cater to values-based families. Some advisors express concerns about the lack of clarity and intention behind traditional ETFs, opting for direct indexing instead to align with clients’ values and beliefs.

Crossmark and other firms offer a variety of strategies to accommodate different faith denominations. While some appreciate the attempt to create religious ETFs, others remain skeptical about the ability to fully reflect one’s religious beliefs due to the complexity and nuances involved.

The Daily Upside featured the launch of Crossmark’s new ETFs led by Bob Doll, emphasizing the growth and importance of ETFs in the evolving financial landscape. To stay updated on ETF news and analysis, subscribe to the ETF Upside newsletter for exclusive insights tailored for advisors and capital allocators.

Read more at Yahoo Finance: Faith-Based Firm Led by Bob Doll Adds First ETFs