What is it?
This initiative parallels the initiative of the Pro-Life Shopping Guide. Just as the products and services of corporations which do not mind making donations to pro-abortion organizations should be boycotted as a general principle by pro-lifers, also the same pro- lifers should not invest their savings, college and retirement funds in the stocks of the same companies.
Actually, it is easier to conduct an investment boycott than a product/service boycott in the sense that product/service boycotts may inconvenience the boycotter and lead him/her to change long seated habits.
On the other hand, it is harder to conduct investment boycotts for practical purposes. Indeed the first best advice one can give an investor is to diversify. For small investors it means diversify in a mutual fund. But there are no mutual funds which at this time weed out the corporations which appear on the St. Antoninus Institute list of corporations supporting pro-abortion organizations.
To establish a mutual fund, a certain sum of money is necessary to set up the "management company" which will set up the fund which will hire the management company to run the fund. It is a little bit contrived but this is the way things work in that field. We are therefore looking for "significant" investors who would like to invest in this "management company".
Investing in such a management company involves a business risk but also a real business reward: we do have calls all the time about how to invest in a pro-live manner. We believe there is a huge (in the hundreds of millions of dollars) market out there which may need to be a little educated on the matter but which would come to us, especially if we make it easy for them: like a no-load fund (i.e. no charge for getting out of their present investement to go into the Pro-Life mutual fund).
Naturally, investing in the fund later will also be different from investing in the "management company". The financial prospects will be more in line with prospects for normal mutual funds and the business risk will be also be non-existent because it would not be a business for these investors.
We do not have a structured business plan at the moment for several reasons, including legal reasons and the willingness to be as flexible as possible to accomodate large investors. On the other hand, we have pretty well investigated the matter and looked at different operational modeds and could firm up a business plan in a matter of days. Dr. Jean-Francois Orsini, the president of the Institute, possesses an MBA from the Wharton School for which he majored in Investment Finance. He was also employed by a Wall Street firm for a number of years.
We are interested in individual investors but also institutional investors involved with Dioceses, College Endowments, Schools and Religious Orders.
How To Get Further Information:
Get in touch with the Saint Antoninus Institute, 4110 Fessenden St.,NW, Washington, DC 20016. (202) 686-0849 or by e-mail (click below).
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