Now Catholic Investors Have Their Own Sin-Free Global Fund
Conscience-motivated investors have been able to avoid funding U.S. companies they find immoral for decades. Now there's a way to give them clergy-approved exposure to foreign equity in an exchange-traded structure.
The Global X S&P Catholic Values Developed Ex-U.S. ETF (CEFA) launched June 24 and in its first month is beating the EFA benchmark by a few basis points. While I suspect the performance gap will even out over time, investors are clearly not sacrificing returns here in exchange for moral clarity.