What are Faith-Based Funds?
Sometimes called Morally Responsible, Biblically, or Socially Responsible Funds, Faith-Based Funds are a family of mutual funds that invests in companies that meet certain moral and ethical standards. They avoid companies that manufacture or distribute things such as alcohol, anti-family entertainment, tobacco, gambling, and/or other potentially offensive practices.
Today, morally responsible or faith-based funds are the fastest growing subset of the socially responsible investing category. Only a short time ago, many plan providers didn't recommend them because of their poor market performance and their high fees. Now, the fund performance and fees have improved significantly.
Click here to discover the Top 3 Reasons To Offer Faith-Based Funds