a mutual fund which invests in the so-called "sin" industries like
distillers, casino operators and cigarette companies, has lost 42% over
the past twelve months. That's actually four percentage points worse
than the Standard & Poor's 500 index overall.
Meanwhile the Ave Maria suite of mutual funds, which invest only in
companies that comply with certain Roman Catholic values, have done
better. The Ave Maria Growth Fund is only down 33%. It's beaten Vice by
nine points and the S&P by five.
It's hardly a miracle — but maybe enough to raise eyebrows on Wall
Street, a secular place where the usual invocation is "let us prey."
More here. Hat tip to John Chilton.