Faith on the barrelhead. (Mutual Funds).
* The number of U.S. religious mutual funds surged from 34 in 1999 to 75 in 2002--an increase of 121 percent. (The growth in the number of mutual funds of all types was just 16 percent.)
* Assets in all U.S. mutual funds (religious and nonreligious) edged up from $4.3 billion in 1999 to $4.8 billion in 2002--a growth of only 11 percent.
* Assets in U.S. religious funds rose from $3.65 billion in 1999 to $4.42 billion in 2002--a jump of 21 percent.
Source: Mennonite Mutual Aid Praxis Mutual Funds (2002).
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|Title Annotation:||religious mutual funds|
|Article Type:||Brief Article|
|Date:||Jan 1, 2003|
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