Why Not A Christmas ETF?
December 25th at 1:00am by Tom Lydon
Although there are religious based indexes, there is yet to be an exchange traded fund (ETF) to track them. At this time of year it is easy to get caught up in a whirl of shopping frenzy, but underneath it all, Christmas is a religious holiday, celebrating the traditional birth of Jesus Christ. Christmas is an annual holiday celebrated on December 25th, and various secular customs are practiced by many.
The word Christmas implies Christ’s Mass, and it is derived from Middle and Old English. So what does this have to do with ETFs? Not much yet, however, if a Christian-oriented fund abounded, it would be sure to do well at this time of year.
For now we have the iShares KLD Select Social Index (KLD) whose holdings are "socially responsible". iShares KLD 400 Social Index (DSI) is another, however the holdings are similar. Both include Proctor Gamble (PG), Johnson & Johnson (JNJ) and Microsoft (MSFT), to name a few.
