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matthew25 
Ole Miss Fan
Member since Jun 2012
1506 posts
| Catholic-based mutual fund (Posted on 1/10/13 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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boosiebadazz
Member since Feb 2008
36680 posts
| re: Catholic-based mutual fund (Posted on 1/10/13 at 12:41 am to matthew25)
Religion as an investment strategy?
Wtf?
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jmarto1 
LSU Fan
Houma, LA
Member since Mar 2008
10034 posts
| re: Catholic-based mutual fund (Posted on 1/10/13 at 1:13 am to matthew25)
That will look nice in my portfolio right next to my investment into Hooters.
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Vols&Shaft83 
Tennessee Fan
Member since Dec 2012
3088 posts
| re: Catholic-based mutual fund (Posted on 1/10/13 at 4:09 am to matthew25)
So they take 10% of your money?
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trident 
USA Fan
Member since Jul 2007
2363 posts
| re: Catholic-based mutual fund (Posted on 1/10/13 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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MrLSU
LSU Fan
Baton Rouge
Member since Jan 2004
1826 posts
| re: Catholic-based mutual fund (Posted on 1/10/13 at 8:40 am to trident)
I'll pass on this crazy fund
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matthew25
Ole Miss Fan
Member since Jun 2012
1506 posts
| re: Catholic-based mutual fund (Posted on 1/10/13 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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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
3088 posts
| re: Catholic-based mutual fund (Posted on 1/10/13 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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CoolHand
USA Fan
Member since Dec 2011
1454 posts
| re: Catholic-based mutual fund (Posted on 1/10/13 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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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
3088 posts
| re: Catholic-based mutual fund (Posted on 1/10/13 at 10:53 am to CoolHand)
Yeah I'm not a gold bug either
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bunky
LSU Fan
FREE EL GUACHO
Member since Jul 2011
4335 posts
| re: Catholic-based mutual fund (Posted on 1/10/13 at 7:40 pm to matthew25)
quote:
Miles Davis, Ph.D. (since 2008)
One of the trustees of AMANX. 
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foshizzle
LSU Fan
Member since Mar 2008
25066 posts
| re: Catholic-based mutual fund (Posted on 1/10/13 at 9:33 pm to matthew25)
Or you could invest in this fund, based on the KISS philosophy.
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Y.A. Tittle
LSU Fan
Member since Sep 2003
44025 posts
| re: Catholic-based mutual fund (Posted on 1/10/13 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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matthew25
Ole Miss Fan
Member since Jun 2012
1506 posts
| re: Catholic-based mutual fund (Posted on 1/10/13 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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boosiebadazz
Member since Feb 2008
36680 posts
| re: Catholic-based mutual fund (Posted on 1/11/13 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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Doc Fenton
TEAM JaCOBY
Member since Feb 2007
46457 posts
| re: Catholic-based mutual fund (Posted on 1/11/13 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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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
3088 posts
| re: Catholic-based mutual fund (Posted on 1/11/13 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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