{"id":30616,"date":"2022-06-13T12:45:57","date_gmt":"2022-06-13T12:45:57","guid":{"rendered":"https:\/\/altum-fi.com\/?p=30616"},"modified":"2024-11-27T11:22:25","modified_gmt":"2024-11-27T11:22:25","slug":"investing-with-company-based-christian-principles","status":"publish","type":"post","link":"https:\/\/altumfi.com\/es\/investing-with-company-based-christian-principles\/","title":{"rendered":"\u2018An unattended need\u2019: Spanish investment firm combats woke investing with company rating system based on Christian principles"},"content":{"rendered":"\n

*Art\u00edculo de Ben Zeisloft<\/a> publicado en The Daily Wire el 10\/06\/2022<\/p>\n\n\n\n

As Environmental, Science, and Governance (ESG<\/a>) investing takes Western\u00a0financial markets<\/a>\u00a0by storm, an investment firm has produced an alternative rating system that draws from\u00a0biblical principles<\/a>, from a Christian scope.<\/p>\n\n\n\n

By adopting ESG goals, companies commit themselves<\/a> to pursue green energy adoption, appointing a certain number of racial minorities to serve as executives, or otherwise mingling profitability with progressive politics. In many cases, efforts to meet ESG goals \u2014 such as funding abortions for employees<\/a> in the name of reproductive justice \u2014 can overtly conflict with Christian values, threatening the consciences of investors and stockholders.<\/p>\n\n\n\n

Altum Faithful Investing<\/a>, a Spanish firm that oversees $7 billion in client assets, provided The Daily Wire with a rating system by which it examined publicly traded American and European companies according to their alignment with Christian principles. The firm rates companies based on their promotion of human dignity, family, human life, and their protection of creation.<\/p>\n\n\n\n

The firm contends that investors can achieve similar \u2014 if not greater \u2014 returns by directing their capital toward companies that do not oppose Christian principles, particularly those professed by the Roman Catholic Church.<\/p>\n\n\n\n

Altum\u2019s analysis<\/a> of dozens of companies in the S&P 500 revealed that over the course of five years, firms \u201cnon-compliant\u201d with Christian values earned slightly higher returns than \u201ccompliant\u201d firms \u2014 20.7% and 19%, respectively. Yet in another analysis of companies in the Eurostoxx 60, \u201ccompliant\u201d firms exceeded \u201cnon-compliant\u201d firms over the five-year horizon \u2014 21.1% and 8.6%, respectively. Individual company analyses are available on a mobile app<\/a> created by Altum.<\/p>\n\n\n\n

Altum founder, Borja Barragan told The Daily Wire that the secular approach to ESG often \u201cbecomes totalitarian and loses the focus on the human person and on freedom in favor of other ideologies.\u201d<\/p>\n\n\n\n

When evaluating the American companies, Altum concluded that 35 firms had violated the promotion of human dignity requirement. For example, many supported the Equality Act \u2014 a piece of legislation that seeks to\u00a0enshrine sexual orientation and gender identity<\/a>\u00a0into civil rights law. Similarly, 47 violated the promotion of life requirement through involvement with products linked to abortion, the use of human embryonic stem cells in research, and sending donations to entities providing abortion and contraceptives.<\/p>\n\n\n\n

Vivek Ramaswamy, a former pharmaceutical executive who recently launched an anti-woke asset management company<\/a>, told The Daily Wire that whether or not Altum\u2019s strategy is ultimately successful, the creation of the rating system is \u201cwelcome news\u201d because it attempts to introduce \u201cgreater diversity of thought\u201d into the capital markets.<\/p>\n\n\n\n

\u201cRight now, ESG wields an ideological monopoly in the asset management industry \u2014 especially in Europe,\u201d Ramaswamy said. \u201cIt\u2019s encouraging to see brave thinkers on the other side of the pond challenging the prevailing orthodoxy.\u201d<\/p>\n\n\n\n

An exclusive Daily Wire poll conducted by Echelon Insights<\/a> indicated last month that there is likely a desire among American investors for more opportunities apart from conventional ESG investing. Respondents recognized that ESG tends to promote \u201cmore liberal positions\u201d than \u201cmore conservative positions.\u201d While 50% believe the former and 16% believe the latter, only 21% believe that ESG investing is neutral.<\/p>\n\n\n\n

Barragan explained that there has indeed been significant interest in his investment approach. \u201cIn just one week we received more than 100 phone calls from both sides of the Atlantic ocean,\u201d he told The Daily Wire.<\/p>\n\n\n\n

He concluded saying that ESG investing, exact quote, \u201cseems to be insufficient for investors willing to invest with integrity to their faith,\u201d that investment driven by conscience is \u201can unattended need that investors are demanding from banks and asset managers,\u201d and that faith-driven investment \u201cwithout sacrificing performance\u201d is possible.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

*Art\u00edculo de Ben Zeisloft publicado en The Daily Wire el 10\/06\/2022 As Environmental, Science, and Governance (ESG) investing takes Western\u00a0financial markets\u00a0by storm, an investment firm has produced an alternative rating system that draws from\u00a0biblical principles, from a Christian scope. By adopting ESG goals, companies commit themselves to pursue green energy adoption, appointing a certain number of racial […]<\/p>\n","protected":false},"author":3,"featured_media":30617,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"class_list":["post-30616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-noticias"],"_links":{"self":[{"href":"https:\/\/altumfi.com\/es\/wp-json\/wp\/v2\/posts\/30616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/altumfi.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/altumfi.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/altumfi.com\/es\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/altumfi.com\/es\/wp-json\/wp\/v2\/comments?post=30616"}],"version-history":[{"count":1,"href":"https:\/\/altumfi.com\/es\/wp-json\/wp\/v2\/posts\/30616\/revisions"}],"predecessor-version":[{"id":47268,"href":"https:\/\/altumfi.com\/es\/wp-json\/wp\/v2\/posts\/30616\/revisions\/47268"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/altumfi.com\/es\/wp-json\/wp\/v2\/media\/30617"}],"wp:attachment":[{"href":"https:\/\/altumfi.com\/es\/wp-json\/wp\/v2\/media?parent=30616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/altumfi.com\/es\/wp-json\/wp\/v2\/categories?post=30616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/altumfi.com\/es\/wp-json\/wp\/v2\/tags?post=30616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}