Overview
- The Institute for the Works of Religion launched two stock indices with Morningstar, covering the U.S. and the eurozone with 50 constituents each.
- The indices are presented as reference benchmarks for investments that comply with Catholic ethical principles and the Church’s Social Doctrine.
- Reported holdings include Meta and Amazon in the U.S. index, with ASML, Deutsche Telekom and SAP in the eurozone index.
- Full methodologies and complete constituent lists have not been broadly detailed, though both focus on mid- and large-cap technology and financial names.
- The move extends IOR governance and transparency reforms and could support ETFs or other products that track Catholic-screened portfolios, despite recent net outflows from ESG funds reported by Morningstar for 2025.