The Timothy Plan, a mutual fund group that invests according to “pro-family, biblically based” Christian values, was the top performing faith-based fund in the US last year. Timothy’s returns were higher than those of most hedge funds and beat 35 other faith-based funds, including the Amana Trust funds, strong performers that invest according to Islamic principles. It also surpassed the Ave Maria group, which invests according to Catholic values; the Presbyterians’ New Covenant funds; and the Guidestone Funds, the Southern Baptist heavyweight with more than $10bn under management. Faith-based funds are a rapidly growing part of America’s $10,000bn mutual fund industry, with $17bn in assets compared with less than $400m 10 years ago, according to Morningstar, the fund tracker.

This entry was posted by Gwen Robinson on Monday, January 14th, 2008 at 4:44 and is filed under Capital markets. Tagged with The Timothy Plan. Edit this entry.