Capstone Asset Management Launches Canada's First Biblically Informed ETFs on Toronto Stock Exchange

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.
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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.
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Structure: Each fund provides four mutual‑fund series of units plus one ETF series of units, all denominated in CAD.
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Trading Commencement: ETF series units are expected to begin trading on the TSX when the market opens on 30 Oct 2025.
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Research Framework:
- Four biblical principles guide investment selection: valuing human life, responsible stewardship of creation, encouraging human flourishing, and applying biblical wisdom.
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Combined with rigorous fundamental analysis to identify eligible companies.
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Management Team:
- President & CEO: Glenn Murray, CFA (quoted on investor demand for values‑aligned products).
- Chief Investment Officer: Paul Carter, CFA.
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Portfolio Manager: Maria Dawes, BBA CIM CFP (commented on client interest).
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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.
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Research Partner: Brightlight Impact provides independent analysis to support Capstone’s methodology.
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Distribution Channels: ETF and mutual‑fund units may be purchased through appropriately registered dealers and held in both registered and non‑registered accounts.
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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.