Denver Newsroom, Nov 2, 2005 / 22:00 pm
A nationally respected economist has joined the Catholic Advisory Board of Ave Maria Mutual Funds.
Lawrence Kudlow served as associate director of economics and planning during the Reagan administration and more recently was a member of the Bush-Cheney Transition Advisory Committee. In addition to his nightly show on CNBC, Kudlow & Company, he is a columnist and contributing editor to National Review.
Bowie Kuhn, chairman of the advisory board and former commissioner of Major League Baseball, said Kudlow, who is a convert to Catholicism, will bring a unique perspective to the board.
Other advisory board members include Tom Monaghan, founder and former owner of Domino's Pizza; Michael Novak, author and theologian; Phyllis Schlafly, author and founder of Eagle Forum; and Paul Roney, executive director of the Ave Maria Foundation. Cardinal Adam Maida, archbishop of Detroit, is the board’s ecclesiastic adviser.
The Catholic Advisory Board oversees the criteria by which investments are made. The board regularly reviews the fund’s standards, based on the teachings of the Catholic Church, and decides which types of companies should be screened out of the funds. Companies, for example, that have ties to abortion, pornography or that undermine the sacrament of marriage would be excluded.
The Ave Maria Mutual Funds comprise the largest Catholic mutual fund family in the country. There are currently four Ave Maria Mutual Funds. More than $350 million is invested by more than 10,000 shareholders from across the country.
The funds include the Ave Maria Catholic Values Fund (Ticker: AVEMX) started in 2001; Ave Maria Growth Fund (Ticker: AVEGX) and Ave Maria Bond Fund (Ticker: AVEFX) both started in 2003. The newest fund is the Ave Maria Rising Dividend Fund (Ticker: AVEDX), launched May 1.
For more information, call 1-866-AVE-MARIA or go to avemariafund.com.
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