Vatican Bank Index Assigns 5.09% Weight to NVIDIA Among Top Holdings
The Vatican Bank launched two equity indexes tracking 50 U.S. and Eurozone firms, assigning NVIDIA a 5.09% weighting as the third-largest U.S. holding. The move could drive new institutional flows into NVIDIA if the Vatican licenses ETFs on its Catholic principles benchmarks.
1. Vatican Bank Launches Catholic Principles Indexes
The Vatican Bank introduced the Morningstar IOR U.S. Catholic Principles Index and its Eurozone counterpart, each monitoring 50 medium- and large-cap companies that meet strict ethical mandates on human dignity, social justice and environmental protection.
2. NVIDIA Secures 5.09% Weighting
Launch data ranks NVIDIA as the third-largest U.S. holding with a 5.09% allocation behind Meta and Amazon. The Vatican could license these indexes to asset managers, potentially boosting demand for NVIDIA shares if exchange-traded products arise in the projected $30 trillion ETF market by 2029.