Investing on Faith

Fees and performance may be at the top of the list of mutual fund characteristics investors look for, but don't count out faith. According to figures from investment research firm Morningstar, religious mutual funds have increased their assets under management to $16 billion this year, compared with just $2.37 billion in 2000.

Fees and performance may be at the top of the list of mutual fund characteristics investors look for, but don't count out faith. According to figures from investment research firm Morningstar, religious mutual funds have increased their assets under management to $16 billion this year, compared with just $2.37 billion in 2000.

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