Vatican Bank Launches Stock Indexes Based on Catholic Values

The Vatican Bank has launched two equity indexes that choose stocks on the basis of Catholic principles.

The Morningstar IOR Eurozone Catholic Principles Index and the Morningstar IOR US Catholic Principles Index “are designed to serve as a reference for Catholic investments worldwide,” the Institute for the Works of Religion, as the bank is formally known, said in a statement seen by Bloomberg. Both comprise 50 medium- and large-cap companies, including Big Tech and financial stocks.

Cardinals during the inaugural mass of Pope Leo XIV in St. Peter’s Square in Vatican City, Italy, on Sunday, May 18, 2025.

Photographer: Alessia Pierdomenico/Bloomberg

The launch of the IOR’s first indexes comes at a tough time for investment products that take environmental, social and governance factors into ...