Vatican’s New Catholic Index Allocates 4.27% to JPMorgan Chase
Vatican Bank launched two Morningstar IOR Catholic Principles equity indexes covering 50 U.S. and Eurozone firms, with JPMorgan Chase allocated 4.27% in the U.S. index. The indexes could underpin future faith-based ETFs, potentially boosting demand for JPMorgan stock among religiously aligned investors.
1. Vatican Bank Launches New Catholic Equity Indexes
Vatican Bank introduced two equity benchmarks in partnership with Morningstar—the IOR U.S. Catholic Principles Index and the IOR Eurozone Catholic Principles Index—each tracking 50 medium- and large-cap companies that comply with Catholic social doctrine on human dignity, social justice and environmental stewardship.
2. JPMorgan’s Inclusion and Weighting
JPMorgan Chase & Co. earns a 4.27% allocation in the Morningstar IOR U.S. Catholic Principles Index, ranking it among the top six holdings alongside Meta, Amazon, Nvidia, Tesla and Apple, reflecting its adherence to the screening criteria.
3. ETF Licensing and Market Impact
The new indexes pave the way for Vatican-branded ETFs, potentially tapping into a projected $30 trillion global ETF market by 2029 and attracting faith-aligned investors, which could spur additional capital flows into constituent stocks such as JPMorgan.