![]() The Knights of Columbus Asset Advisors' website notes that the profits go back to the Knights organization, "a portion of which further funds Catholic initiatives." After repeated attempts to talk to the Knights Communications Department about where the profits went and what initiatives were being funded, no response was given by the deadline. There are three things church workers should know before they invest with the Knights of Columbus. While church workers may think they are investing in their own retirement, they may be investing against their best interest. In my own Chicago archdiocese, Catholic employees were given the option to invest in three Knights mutual funds with combined investments totaling more than $83 million as of April 2016. In turn, these institutions may then offer Knights mutual funds to their employees as part of a retirement plan. As of the most recent annual report, there were 50 such clients ranging from dioceses to religious orders. This new firm offers investment strategies tailored to Catholic institutions. In March 2015, Knights officials announced the creation of a new subsidiary called the Knights of Columbus Asset Advisors. It is also the same year that the video game's maker showed up as a top stock holding in a new Knights of Columbus mutual fund a fund that is now being offered to employees of multiple Catholic institutions across the United States. Common Sense Media named it among the top 10 most violent video games of 2015, the same year in which public awareness was rising about police brutality. Have you heard of "Battlefield Hardline"? It is a video game in which players pretend to be police who shoot people in urban areas.
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