The Vatican published guidelines for faith-based investing this November, an important event that received little attention from U.S. investors. Yet a close reading of shows that some of the values espoused in these guidelines for Catholic investors contradict how U.S. based Catholic funds are typically run.
“Mensuram Bonam,” which in Latin means “good measure,” is aligned with the global effort by governments to create sustainable environmental, social and governance (ESG) investment standards. The 46-page document makes…
