Bainbridge on faith-based investing

Steve B. writes:

Most mutual fund investors are familiar with the concept of socially responsible investing (a.k.a. values-based investing). A small chunk of that industry sector is comprised of faith-based investment funds, such as the Ave Maria funds that base their investment decisions on the social justice teachings of the Catholic Church. . . .

As an investor, I'm skeptical. . . .

As for whether persons of faith ought to suck it up and accept a lower rate of return in order to invest according to their beliefs and values, that's a post for another day.