FYI: On Tuesday, Oct. 15, Inspire Investing put out a press release announcing that, through the strength of its biblically based investment methodology, its flagship ETF, the $147 million Inspire Global Hope ETF (BLES) had doubled, even tripled the performance of its "secular" benchmark over multiple time periods, including year to date, one year and since inception.
But the problem is that the fund’s numbers can't be replicated. Also, the press release uses a comparison that is itself misleading, as Inspire is using an apples-to-oranges comparison of price return and total return that significantly inflates BLES' relative outperformance.
Regards,
Ted
https://www.etf.com/sections/features-and-news/biblical-etf-makes-misleading-claims?nopaging=1
