US EditionVatican Bank Debuts Two Catholic-Themed Equity Indexes
The Vatican Bank introduced two indexes reflecting Catholic ethical standards with average annual returns of 18% in the US and 10.2% in the Eurozone over the past decade.
- On Tuesday, Vatican Bank announced the Morningstar IOR US Catholic Principles index and Morningstar IOR Eurozone Catholic Principles index, launched with Morningstar Indexes.
- Drawing from Morningstar universes, the indexes pull stocks from the Morningstar US Large‑Mid Index and Morningstar Eurozone Large‑Mid Index, but the bank declined to publish the exact stock-selection criteria despite backtests over the last decade.
- Morningstar's data list shows the US index outperformed the European index in backtests, with top holdings including Meta and Amazon .
- Designed to serve as a reference for Catholic investments, the indexes are built following market best practices and join other faith-based strategies launched in recent years.
- Critics flagged the lack of disclosed selection criteria, noting the US index includes Meta and Amazon while the Eurozone lists ASML and Deutsche Telekom, raising fit questions with Catholic Social Teaching.
22 Articles
22 Articles
Vatican Bank Is Picking Stocks — And It Likes Meta, Amazon The Most - Meta Platforms (NASDAQ:META)
The Vatican Bank introduced two new equity indexes on Tuesday designed to track companies that strictly adhere to the social doctrine of the Catholic Church. • What is META stock doing now. The Morningstar IOR U.S. Catholic Principles Index and the Morningstar IOR Eurozone Catholic Principles Index each monitor 50 medium- and large-cap corporations. Every constituent undergoes a rigorous screening process to ensure compliance with ethical mandat…
Want to invest like a Catholic? The Vatican has a new stock index for that.
Jaap Arriens/NurPhoto via Getty ImagesVatican Bank has launched US and Eurozone Catholic stock indexes with Morningstar.The indexes align with Catholic values, the bank said.The US index includes Meta and Amazon, while the European version features ASML and Deutsche Telekom.Looking for divine intervention to boost your stock portfolio? Two new stock indexes from the Vatican may not promise such miracles — but they will help you invest in accorda…
Vatican bank launches ethical investment index
The Institute for Works of Religion launched on Tuesday two ethical investment indices “designed to serve as a [benchmark] reference for Catholic investments worldwide.”The Torrione di Niccolò V, the Vatican headquarters of the Institute for the Works of Religion. Joi Ito/wikimedia CC BY 2.0.The two equity benchmarks, the Morningstar IOR Eurozone Catholic Principles and the Morningstar IOR US Catholic Principles, were developed with Morningstar,…
The Vatican bank has launched two indices that select the titles according to Catholic principles. In the basket also Meta, Amazon, Asml and Deutsche Telekom. Meanwhile, the EU Parliament approves the amendments that push the digital euro wanted by Lagarde.The Pope's good actions: not for the eternity of the soul but those listed Stock Exchange. There is something vaguely surreal, and therefore irresistibly modern, in the idea that the Vatican l…
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