2024 Public Markets Report

Written By Tim Macready

We are delighted to announce the launch of the 2024 version of our annual report into the State of Play for Faith-Based Investing in Public Markets. This paper represents the second in our series of research reports into the landscape of investments available for faith-based investors looking to align their public portfolios with their values.  It seeks to provide an overview of the state of faith-based investing in public markets.

We continue to observe a significant increase in the awareness by Christians of the opportunity to align their values with their portfolio. This paper is intended to focus on the market as a whole; data from individual asset managers and products has therefore been anonymized. Data was collected in relation to products and strategies issued by a range of asset managers.

For our 2024 report, we have expanded our scope in several key ways:

  • Expanded Product Issuers.  We have grown our product issuer base from 22 in the 2023 report to 27 for this report.

  • Shifted Dates.  We intend to focus on 30th June as the primary date for evaluation going forward.  This is a change from last year’s report, where data was effective 31st March.

  • Expanded Assets.  For our assets analysis we have commenced inclusion of strategies other than Mutual Funds and ETFs.  Note that these strategies are included in our overall assets analysis and breakdown.  We have not included these in performance analysis or fee analysis, but they are included in analysis of values integration strategies and assets.  We have not yet integrated any retirement plan assets.

  • Performance Assessment.  For our previous report we assessed each fund’s performance against the equivalent Morningstar benchmark.  This year, we have included performance against specific benchmarks and significantly expanded our analysis and commentary on performance relative to managers’ stated benchmarks.

As always, we would love feedback on how we can continue to serve faith-based investors as we seek to grow this report, so please let us know if you have feedback.

Tim Macready
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