said by MaynardKrebs: said by DKS:
That presumes the religious body owns shares in any company at all.
You'd be surprised at the value and breadth of the holding on many religious institutions (I'm not talking about individual congregations). I used to sell fixed income products to all manner of religious and other government & non-government tax-exempt institutions as part of my job, and help them mathematically model their portfolios.
I am well aware of a number of denominational portfolios. I'm on the Finance and Investment Committee of one denominational group. Right now they are not
heavily in equities. Lots of cash sitting there in short term instruments.--
Need-based health care not greed-based health care.