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Rating:Fund Appeals to Patriotism Not Rated 4.0 Email Routing List Email & Route  Print Print
Monday, May 03, 2004

Fund Appeals to Patriotism

Reported by Theresa Sim

Closet patriots have a new investment option, thanks to the Timothy Plan's new Patriot Fund, launched May 1.

The fund is designed for investors with a "closet level of patriotism and a higher level of frustration of how and where to find a financial outlet for their patriotic feelings," said Arthur D. Ally, president and founder of the $250 million large Timothy Plan.

As the fund group's first "advocacy" fund, the Patriot Fund will "focus on investing in companies that are supporting, defending or contributing to the overall well-being of our nation, while at the same time continuing to honor our moral screens," said Ally.

New York-based Jim Awad, of Awad Asset Management, will manage the fund. Awad will evaluate companies of all sizes in industries including agriculture, defense, energy, financial services, health care, manufacturing and technology will be considered for investment.

Examples of companies that Awad would consider include John Wiley and North Fork Bank.

The fund will be direct and broker-sold, with a non-retirement minimum investment of $1,000 and no requirement for retirement accounts.

The fund group, which has eight other pro-life, pro-family, Biblically-based funds, has no plans to roll out new funds within the one to two year horizon. 

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