For money managers who invest billions of dollars in accordance with faith-based teachings, the toppling of the half-century-old US ruling that protected abortion rights was a moment of celebration.
But it also left these anti-abortion investors in a bind. Many of the blue-chip company stocks they hold, including Apple Inc. and Tesla Inc., have announced they will cover travel costs for employees in states where abortion is banned.
“We're not going to own companies that violate our basic moral values,” said Art Ally, founder of Timothy Plan, a biblically based fund that manages about $2 billion. “I don't want any company that I own shares in spending money to send somebody off to get an abortion.’’
