Altum Research shows catholic inspired portfolio enhanced returns.
S&P 500 companies respecting Catholic doctrine outperformed by up to 8.72%
47.6% of the S&P 500 index came into conflict with Catholic teaching.
‘Catholic’ portfolio offered better diversification and a better risk-adjusted return.
Altum Faithful Investing’s research into the Standard & Poor’s' 500 (S&P 500) stock index shows that companies that do not conflict with Catholic social doctrine have consistently been more profitable than those that do conflict.
Altum’s report, which analyses from both an ethical and financial standpoint the companies that make up the S&P 500 - the USA’s top companies – shows that over 3, 5 and 10 years Catholic compliant companies have obtained annualized returns of 9.99%, 8.56% and 15.26% respectively, compared to 6.81%, 7.62% and 15.08% for those that conflict with Christian doctrine.
Borja Barragán, founder of Altum, points out that the profile of the investor with a Catholic sensibility is changing: "Investors are increasingly looking for greater coherence and to be able to provide Christian testimony when investing". He said, "it is about going one step further, from socially responsible investing towards faith-consistent investing."
The Altum report offers details and examples of how S&P 500 companies behave towards the promotion of life (abortion industry, instrumentalization of creation, weapons of indiscriminate use), human dignity (pornography, addictions, defense of religious freedom), family (promotion of the social value of the family) and care and protection of creation (environmental stewardship).
Notes to Editors:
About Altum Faithful Investing www.altum-fi.com/en/home-en/
Altum is a Spanish regulated financial advisory firm. It shares the objective of obtaining an adequate return on its investments but only invests in companies and assets that are consistent with Catholic Social Teaching. Not only does the firm seek the greatest return for its clients, but it has also become an instrument of evangelization.
John Morgan, Managing Director,
Fortuna Asset Management Communications Ltd.
Tel: +44 (0)7769 262272