I muddled this for a couple days and this is what I came up with:
If HL were truly committed to its principles, they would opt for funds in their portfolio such as the Catholic Value Fund which screens for any conflicts rather than purchase pharmaceutical funds that manufacture life ending drugs. They would resist purchasing product from countries like China that not only supports but monetarily rewards abortion as population control. You can't have it both ways.
Churches are exempt but not outreach of churches or other church business activity which I think is wrong. We have separation of church and state and that should be respected in all aspects. If it is church activity, it should be exempt.
However, at the end of the day, HL is not in the business of religion and therefore should not be exempt.
|