Morningstar IOR US Catholic Principles Index
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Attention Catholics: There’s a New Index Fund For Your Values
Yahoo Finance· 2026-02-10 19:07
Core Viewpoint - The Vatican Bank has launched two new stock indices based on Catholic principles, aiming to guide investments that align with the values of the Catholic Church [1]. Group 1: New Indices - The Vatican's Institute for the Works of Religion introduced the Morningstar IOR Eurozone Catholic Principles Index and the Morningstar IOR US Catholic Principles Index [1]. - Each index consists of fifty stocks, including major companies like Meta, Amazon, ASML Holding NV, and Deutsche Telekom AG [2]. Group 2: Investment Strategy - The Vatican Bank's move reflects a desire for financial returns while adhering to Catholic values, despite some ambiguity regarding how certain tech and retail companies align with these values [2]. - The initiative is part of a broader strategy to enhance transparency and accountability within the Vatican Bank, especially after previous financial losses [3].