November 20, 2006

Still Waiting to Hear One That's a Sin

Brian Brus of The Journal Record, a business newspaper in Oklahoma City, reports today on the matter of investment managers handling the funds of churches and other religious organizations:
When it's a matter of balancing fiduciary responsibilities against profitable “sin stocks,” there really is no question – at least when the portfolio is for a church or religious organization, investment managers said. "For example, is there an opposition to investing in firms that sell or manufacture alcohol ... firearms or tobacco?" said John Taylor, a client adviser with JP Morgan Chase & Co. in Oklahoma City.

No comments:

Post a Comment