Investments for the Kingdom
Image: Josh Andrus

Not long ago, when reporters wrote about Robin John, the cofounder of Eventide Asset Management, a subtle snicker rumbled under the surface. One called him “The Believer”; others pointed out the odd language on his Boston-based mutual fund company’s website: business as an “engine of blessing” and “biblically responsible investing.”

Theology as the foundation for picking stocks? Is this guy for real?

Today the murmurs seem to have faded, and for good reason. Since its launch in 2008, Eventide’s flagship mutual fund (a pool of money professionally invested in stocks, bonds, and other securities), the Gilead Fund, has given shareholders a 13.70 percent annualized return as of September 30, 2016, compared to 9.03 percent for the Standard & Poor’s 500. To put that into perspective, an investor who put $10,000 into the fund at its launch would be worth $26,050 today. The Gilead Fund has been covered as a top performer by The New York Times, The Wall Street Journal, and Bloomberg, among other publications. Over the past three years, media attention has helped Eventide explode from $50 million in assets under management to nearly $2 billion.

But there’s more to Robin John than a focus on profit. Challenging Milton Friedman’s declaration that the only social responsibility of business is to increase profits, John says, “Profit is only the byproduct of a job well done.”

John, an evangelical living in Dallas, is a leader in the growing field of biblically responsible investing, which applies Christian theology and social concern to investment analysis. Eventide, founded in 2008, has garnered attention because of both its results and its uniquely faith-filled ...

Subscriber access only You have reached the end of this Article Preview

To continue reading, subscribe now. Subscribers have full digital access.

June
Subscribe to CT and get one year free.
From Issue:
Read These Next
Also in this IssueNew & Noteworthy Books
New & Noteworthy Books Subscriber Access Only
Compiled by Matt Reynolds.
RecommendedAll 240 Family Christian Stores Are Closing
All 240 Family Christian Stores Are Closing
More than 3,000 employees in 36 states will be laid off in the liquidation of one of the world’s largest Christian retailers.
TrendingISIS Kills 29 Christians on Church Bus Trip to Popular Monastery
ISIS Kills 29 Christians on Church Bus Trip to Popular Monastery
(UPDATED) Egypt cancels Ramadan’s opening celebration as Copts resist revenge.
Editor's PickDo This in Remembrance
Do This in Remembrance
Participating in the “high holy day” of American civil religion is beneficial for Christians, so long as we do so thoughtfully.
Christianity Today
Investments for the Kingdom
hide thisDecember December

In the Magazine

December 2016

To continue reading, subscribe now for full print and digital access.