Northwire Canada EditionSaturday, July 18, 2026
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Capstone Asset Management Launches Canada's First Biblically Informed ETFs on Toronto Stock Exchange

BIVC · Price

Executive Summary

  • Capstone Asset Management announced the launch of two biblically‑informed ETFs – BIVC (Canadian equity) and BIVU (U.S. equity) – trading on the Toronto Stock Exchange as of the release date.
  • Each fund offers four mutual‑fund series and one ETF series, denominated in Canadian dollars and available through registered dealers.
  • The funds employ a research methodology that combines biblical principles with traditional fundamental analysis, overseen by Capstone’s Biblically Informed Overlay Committee.

Key Details

  • Funds Launched:
  • Capstone Biblically Informed Canadian Equity Fund (TSX: BIVC) – targets Canadian‑listed companies whose operations align with defined biblical values; seeks long‑term total return via capital gains and dividend income.
  • Capstone Biblically Informed U.S. Equity Fund (TSX: BIVU) – targets U.S.-listed companies meeting the same criteria; aims for capital appreciation and secondary dividend income.

  • Structure: Each fund provides four mutual‑fund series of units plus one ETF series of units, all denominated in CAD.

  • Trading Commencement: ETF series units are expected to begin trading on the TSX when the market opens on 30 Oct 2025.

  • Research Framework:

  • Four biblical principles guide investment selection: valuing human life, responsible stewardship of creation, encouraging human flourishing, and applying biblical wisdom.
  • Combined with rigorous fundamental analysis to identify eligible companies.

  • Management Team:

  • President & CEO: Glenn Murray, CFA (quoted on investor demand for values‑aligned products).
  • Chief Investment Officer: Paul Carter, CFA.
  • Portfolio Manager: Maria Dawes, BBA CIM CFP (commented on client interest).

  • Oversight Committee: Biblically Informed Overlay (BIO) Committee – four members with >100 years combined experience, including one independent member, reviews and approves all prospective investee companies.

  • Research Partner: Brightlight Impact provides independent analysis to support Capstone’s methodology.

  • Distribution Channels: ETF and mutual‑fund units may be purchased through appropriately registered dealers and held in both registered and non‑registered accounts.

  • Fees & Disclosures: Standard commissions, trailing commissions, management fees, and expenses apply; investors are directed to read the prospectus and consult SEDAR+ for fund facts.

Notable Quotes

  • “Many Canadian investors have expressed interest in investment options that reflect their values,” – Glenn Murray, President & CEO.
  • “These new funds provide a solution that brings together professional investment management with the values alignment that matters to those seeking portfolios aligned with Christian principles.” – Maria Dawes, Portfolio Manager.
Read the original news release →

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