After the recent launch of their biblical ETF lineup, Inspire Investing, has just announced the closure of one of their funds, the Inspire Faithward Large Cap Momentum ETF (FEVR). The closure isn’t all bad news though as Inspire recently launched the Inspire Fidelis Multi-Factor ETF (FDLS) as well stating that they plan to launch multiple new funds in 2023. A quote from Inspire’s CEO states, “We are constantly evaluating out offerings and believe the addition of a multi-factor strategy and removing the overlap of two momentum funds will better serve our investors. Demand for our biblical ETFs continues to be strong, and we are expecting to launch more funds in the coming year.”
FEVR will stop trading after November 18, 2022 and will liquidate and distribute on November 28, 2022.