Inspire Corporate Bond Impact Fund Grows to Become Largest Socially Responsible Investing Fixed-Income ETF in the U.S.
Inspire Investing continued their ascension in the investing industry with a big day of inflows on Tuesday, propelling their Inspire Corporate Bond Impact ETF (NYSE: IBD) to become the largest Socially Responsible-themed fixed-income ETF by assets under management, according to data from ETF.com.
IBD ended the day with $46.59 million in assets under management.
”We are incredibly humbled by the outpouring of support and enthusiasm from investors around the world,” says Robert Netzly, CEO of Inspire Investing. ”Many so-called experts were skeptical when we first launched our ETFs, but our investors have proven the skeptics wrong. We believe there is continued demand for index-based, biblically responsible investments. We’re just getting warmed up.”
Photo courtesy of Ron Kroetz.