At last, a faith-based program I can get excited about:
NEW YORK (CNNMoney.com) – Are investors losing their religion? No way. Just take a look at the number of dollars flowing into faith-based mutual funds.
According to fund research firm Morningstar, the value of assets held by faith-based funds has jumped nearly seven-fold since 2000 to $15.9 billion this year.
“In general, screened investing — both religious and secular — is getting more acceptable as investors have a greater desire to make investments that don’t conflict with their core values,” Morningstar analyst Bill Rocco said.
Religious funds use factors known as screens to cater to clients dedicated to their faith, but the funds range widely in their holdings and investment strategies.
There’s more.