Barry Ritholtz, Columnist

Thou Shalt Not Buy Biblically Responsible ETFs

Separate your politics from your portfolio.

March 2, 2017 at 7:08 PM UTC

Barry Ritholtz is a former Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”

Not a great investment strategy.
Photographer: John Moore/Getty Images

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We live in the golden age of exchange-traded funds. It has never been easier -- or cheaper -- to buy an index or an investing theme. The good news is investors have an enormous set of investment choices; the bad news is some of these seem to be designed to appeal emotionally, not rationally or logically. And irrational investors are never good investors.

CWM Advisors LLC recently filed a prospectus with the Securities and Exchange Commission, according to ETF.com, creating a biblically responsible ETF. Here’s how the firm described it at its Inspire Investing site: