The Ave Maria Catholic Values Fund, has achieved stellar success in terms of profit margins while at the same time refusing to fund companies which support pornography, abortion and anti-family initiatives. George Schwartz, the head of the $127 million investment firm, told Reuters in a recent interview that companies such as General Motors are unworthy of support. “General Motors is a big pornographer because they own DirecTV and that has pornographic broadcasts,” he said.
Reuters reports that, despite the boycotts (and some suggest because of them), the fund is up more than 20 percent over the last year, outpacing the Standard & Poor's 500 index .SPX by more than 9 percentage points in the same time period.
See the Reuters coverage.
(This update courtesy of LifeSiteNews.com.)
