Kiplinger's observes what some of us already know: socially responsible investment (SRI) in mutual funds that shun the homosexual agenda, abortion and contraception is both virtuous and profitable.
One of the most famous SRI funds, Domini Social Equity, has lagged the market by a bit less than one percentage point per year since its 1991 inception. But some SRI funds do much better. Ave Maria Catholic Values Fund [AVEMX] has beaten the S&P 500 by an average of five percentage points a year over the past five years. The fund, run by George Schwartz, shuns firms connected with abortion (some hospitals and insurers) and contraception, as well as those that contribute to Planned Parenthood.In case you were wondering: Domini funds, among other things, shun companies that produce safe, abundant, renewable nuclear energy. (NB: Ave Maria Mutual Funds are for-profit investment funds that are independent from the Ave Maria Foundation.)
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