Happy Mardi Gras: How About a Catholic ETF?
February 16th at 10:30am by Tom Lydon
The party continues in New Orleans. Last week, it was the Super Bowl festivities; this week, it’s Mardi Gras, one last day of debauchery before lent begins. If you’re interested in all things Catholic, you may want to have a gander at FaithShares‘ Catholic values exchange traded fund (ETF).
Fat Tuesday – more popularly known as Mardi Gras – is finally upon us. Technically speaking, Mardi Gras is just one day, the day before lent begins. Related popular practices were associated with celebrations before the fasting and religious obligations, says Wikipedia.
If you can’t make it to New Orleans this year to celebrate, why not mark the day by exploring the Catholic values ETF? FaithShares Catholic Values Fund (NYSEArca: FCV) may not party as hard or represent the exact Mardi Gras customs, but it is custom-made to make any Catholic proud. The fund screens out companies involved in tobacco, alcohol, gambling and other “sin” industries, and looks for ones that have strong human rights and environmental records, among other things. [More on this Line of ETFs.]
The company that manages this and its other funds will give at least 10% of its net income to a ministry.
For more stories about FCV, visit our FCV category.
