Vatican bank teams with Morningstar to launch Catholic index funds
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The Vatican bank has partnered with Morningstar to launch two equity indexes aligned with Catholic principles, featuring 50 medium- and large-cap companies. The indexes, named Morningstar IOR US Catholic Principles and Morningstar IOR Eurozone Catholic Principles, focus on life issues, social responsibility, and environmental protection. This collaboration aims to enhance the bank's reputation, which has faced challenges in the past due to corruption scandals. The initiative reflects the growing trend of socially responsible investing, with Ave Maria Mutual Funds reporting $3.8 billion in assets under management in 2025.
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