Yes, I understand that... however very notion of investing based on "faith" and "lifestyle" is exactly what's wrong with the concept of PAX.
Maximizing ROE is not always the best objective for an individual, especially if you are trying to lower risk. Someone close to retirement would fit this category. But investment strategies that have NOTHING to do with potential corportate performance is nutty. This seems so obvious to me... I have a hard time articulating how odd the notion of PAX seems to me.
Maybe some people HERE need a copy of Atlas Shrugged. lol.
i can quote you Atlas chapter and verse... and i never said that i agree with their strategy... but people are still free to pool their money where their conscience bothers them the least... they can make a profit and still sleep at night so to speak, and there's nothing wrong with that... so long's the FM is honest and makes them the rate of return they expect... then he's fulfilled his fiduciary responsibilities