October 6, 2002
Source: The Boston Globe
On October 6, 2002 The Boston Globe reported that "Disillusioned by the accounting scandals that helped decimate stock prices, a growing number of investors are seeking comfort in mutual funds that match their religious values and offer respectable returns. Religious-oriented funds screen out or avoid investing in, companies whose products or services conflict with core values of religious faith. The number of religious-oriented funds has more than doubled in the last three years, from 16 in 1999 to 38 this year, according to information provider Thomson Wealth Management."