Wise Investment

Need a good Investment? I mean a really good investment?
Zenit News reports on socially responsible investments. Ave Maria funds lead the way:

Founded four years ago, Ave Maria has grown to a company that manages four funds, including one launched this earlier this month. Overall, the funds have assets totaling around $300 million. In the period since Ave Maria started investing, all its funds have obtained higher returns than the Standard & Poor's 500 Index.

The Ave Maria Web site explains that its funds "are designed specifically for morally responsible investors who are looking for financially sound investments in companies that do not violate the core teachings of the Catholic Church."

Furthermore, it explains that the funds "take a pro-family approach to investing." This involves examining companies on issues such as abortion, pornography, and policies that undermine the sacrament of marriage. The Detroit News noted that the funds dropped their investment in PepsiCo last year after the soft-drink maker started providing health-care coverage to unmarried couples, including gay and lesbian partnerships.

Morning Star appears to back Zenit up.:

It compares pretty well to mine. (Keep in mind that the Funds are two different classes of investment.)

BTW none of this qualifies as a professional endorsement. I'm not responsible for any losses any one incurs for investing in anything mentioned here. So put the lawyer down, and slowly back away!