The New Haven-based Knights of Columbus said its $22 billion investment advisory business, which manages the fraternal service organization’s insurance assets, has launched several products targeted at Catholic institutional investors.
Knights of Columbus Asset Advisers launched six mutual funds earlier this month and seeded them with $200 million.
The funds are managed in compliance with the U.S. Conference of Catholic Bishops, the organization said.
“The Catholic community has traditionally been served by investment managers with a broad, rather than a Catholic, focus,” Supreme Knight and CEO Carl Anderson said in a statement. “We believe a Catholic firm committed to Catholic values can offer a more compelling solution for Catholic entities.”
