Assets in religious-themed funds are soaring these days, topping $17 billion in 50 funds, up from a mere $500 million 10 years ago, The Wall Street Journal reports. The funds run the gamut of faiths, from Muslims, to Catholics to Presbyterians.
Is this such a good idea? In the past, a look at the fees and the returns of such funds showed they were all over the map. But today, many religious-themed mutual funds are beating the market, particularly because many of them are multi-cap funds.