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The JPMorgan Funds umbrella recently launched an interesting new subfund: the Global Catholic Ethical Balanced Fund. Two things stand out: firstly, a particular set of ethics is defined and secondly, the fund is a UCITS aimed at the public. In the environmental sector retail investment funds have long since diversified to meet demand for specific strategies such as green energy or carbon efficient.
By contrast, though retail funds tailored for particular religious denominations are common in the United States, until recently, in Europe, such strategies were only visible in the institutional market: an example is the Anglican Church. The first denominational funds to appear in Europe in significant numbers have been Islamic investment...
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