Religious funds, a subset of socially responsible mutual funds that invest in accordance with the tenants of a particular faith, are gaining in popularity. Here's a rundown of prominent religious funds, courtesy of Morningstar:
While investing in the religious funds listed in the article might expedite your entry into the hereafter, don't count on them to produce heavenly returns; as a group these funds have a MAXrating of just 39. As the article points out, one of the biggest negatives associated with these funds is their cost. Almost all have above-average expense ratios compared to their secular peers.
What Would Jesus Invest In?
Religious funds, a subset of socially responsible mutual funds that invest in accordance with the tenants of a particular faith, are gaining in popularity. Here's a rundown of prominent religious funds, courtesy of Morningstar:
Catholic Funds
Protestant Funds
Islamic Funds
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While investing in the religious funds listed in the article might expedite your entry into the hereafter, don't count on them to produce heavenly returns; as a group these funds have a MAXrating of just 39. As the article points out, one of the biggest negatives associated with these funds is their cost. Almost all have above-average expense ratios compared to their secular peers.