Exchange-traded funds (ETFs) may well follow, and there could be demand. Bloomberg ETF analyst Eric Balchunas notes existing Catholic ETFs have “held up pretty well”, with the Global X S&P 500 Catholic Values ETF currently holding more than $1 billion (€840 million) in assets. Backtested over the past decade, the results look more than respectable, with the US and European Catholic indices generating annualised returns of 18 and 10 per cent, respectively. One reason for this is that the US index is less papal portfolio than plain vanilla mega-cap growth. Excluding too many companies risks chronic underperformance, and underperformance kills ETFs far faster than ethical misgivings.

Source: The Irish Times February 15, 2026 10:30 UTC