Catholic-based mutual fund
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Catholic-based mutual fund
Posted by matthew25 on 1/10 at 12:31 am
Central Mississippi is not a Catholic stronghold, but everyone should check out Ave Maria Rising Dividend mutual fund AVEDX. A Morningstar 5-star with excellent risk-return numbers. About 40 holdings, but the top 2 are gold, so the fund is probably best suited for age 45 and below.

The fund is based on the Catholic philosophy.



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Posted by boosiebadazz on 1/10 at 12:41 am to matthew25
Religion as an investment strategy?

Wtf?



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Posted by jmarto1 on 1/10 at 1:13 am to matthew25
That will look nice in my portfolio right next to my investment into Hooters.


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Posted by Vols&Shaft83 on 1/10 at 4:09 am to matthew25
So they take 10% of your money?


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Posted by trident on 1/10 at 8:28 am to boosiebadazz
quote:

Religion as an investment strategy?

Wtf?


he means this is a mutual fund that doesnt participate stem cell research that uses dead fetuses and things that are against the Catholic teachings.


This post was edited on 1/10 at 8:29 am

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Posted by MrLSU on 1/10 at 8:40 am to trident
I'll pass on this crazy fund


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Posted by matthew25 on 1/10 at 10:36 am to MrLSU
I think the fund is solid. In all, there are more than 90 "socially responsible" mutual funds including an Islamic (Amana Trust - AMANX; a 5-star that will not own companies that collect interest), and Protestant (Timothy Plan - TLVAX; and Thrivent Diversified - AAHYX). The Protestant funds avoid cigarette companies and casinos.


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Posted by Vols&Shaft83 on 1/10 at 10:49 am to matthew25
They are 5 star rated, but none of them has an asset value that I'd feel comfortable with. Unless I can get a tax deduction for participating


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Posted by CoolHand on 1/10 at 10:51 am to matthew25
I have a good friend who invests in this fund.

There are worse ways to invest (although not a fan of investing heavily in gold).



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Posted by Vols&Shaft83 on 1/10 at 10:53 am to CoolHand
Yeah I'm not a gold bug either


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Posted by bunky on 1/10 at 7:40 pm to matthew25
quote:

Miles Davis, Ph.D. (since 2008)


One of the trustees of AMANX.



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Posted by foshizzle on 1/10 at 9:33 pm to matthew25
Or you could invest in this fund, based on the KISS philosophy.


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Posted by Y.A. Tittle on 1/10 at 9:40 pm to CoolHand
quote:



There are worse ways to invest (although not a fan of investing heavily in gold).


Is it equally weighted in frankincense and myrrh, though?



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Posted by matthew25 on 1/10 at 11:15 pm to Y.A. Tittle
From Investor's Business Daily:

"The Catholic-ethics aspect involves avoiding companies linked to abortion, embryonic stem cell research and pornography. Companies offering nonmarital benefits are avoided if possible, but such benefits aren't considered a deal breaker."



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Posted by boosiebadazz on 1/11 at 12:00 am to matthew25
thats weird to me

mixing finances and religion doesn't seem like a good idea



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Posted by Doc Fenton on 1/11 at 5:38 am to boosiebadazz
Unless you are dead set against investing in general stocks due to a strong personal conviction that it is unethical, it really doesn't make sense.

The best argument for these types of funds is to say "look, you can do this without sacrificing much at all," rather than "look, here's something that's better than the rest of the market." (By the way, the same general principle would apply with Islamic businessmen in Qatar who want to implement sharia-compliant financing for their startup companies.)

To do that, you would have to make some weird argument about how good corporations that build up solid records of Catholic-supporting ethics will outperform others in the long run, and why you can somehow realize this while other investors can't.

Also, having gold-based investments in this type of fund is a red flag. I haven't looked into the details, but that seems like the sort of thing for which the individual investor would want to make his own diversification decisions.



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Posted by Vols&Shaft83 on 1/11 at 9:24 am to matthew25
quote:

The Catholic-ethics aspect involves avoiding companies linked to abortion, embryonic stem cell research and pornography


But those things are awesome



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