JP Morgan closed down 'Global Catholic Ethical' investment fund
Catholic World News - August 13, 2012
The JP Morgan investment bank has announced that it is closing down the Global Catholic Ethical Balanced Fund, which had been launched to attract Catholic investors seeking to place their investments in firms that did not violate the principles of Church teaching.
The Global Catholic Ethical Balanced Fund had produced disappointing results, both for investors and for JP Morgan. The fund brought in $4.4 million in investments, a figure far short of the $30 million that Morgan had hoped for. Investors earned only modest returns on their money.
An appeal from our founder, Dr. Jeffrey Mirus:
Dear reader: If you found the information on this page helpful in your pursuit of a better Catholic life, please support our work with a donation. Your donation will help us reach seven million Truth-seeking readers worldwide this year. Thank you!
Our Fall Campaign
Progress toward our year-end goal ($117,041 to go):
All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!