@article {Naber58, author = {Mary Naber}, title = {Catholic Investing}, volume = {10}, number = {4}, pages = {58--65}, year = {2001}, doi = {10.3905/joi.2001.319487}, publisher = {Institutional Investor Journals Umbrella}, abstract = {The author evaluates the value and returns of five different portfolios constructed on the basis of Catholic religious beliefs for the five-year period 1991{\textendash}1995. The screened portfolios perform no worse on a risk-adjusted basis than the benchmark unscreened portfolio, although the {\quotedblbase}sin{\textquotedblright} portfolio{\textemdash}constructed of the divested stocks{\textemdash}performs exceptionally well. Multivariate regression analysis identifies military, community, and diversity screens as significant factors. While isolation of a few offensive companies might result in abnormal returns as demonstrated in the sin portfolio, exclusion of such industries should not significantly alter the returns of a diversified risk-adjusted portfolio.}, issn = {1068-0896}, URL = {https://joi.pm-research.com/content/10/4/58}, eprint = {https://joi.pm-research.com/content/10/4/58.full.pdf}, journal = {The Journal of Investing} }