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Article: Barclays Global Investors Announces the First U.S. Exchange-Traded Fund for Socially Responsible Investors.
- Article from:
- Business Wire
- Article date:
- January 31, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN FRANCISCO -- The First iShares(R) ETF for Socially Responsible Investors Tracks the KLD Select Social(SM) Index, an Innovative Index that Seeks to Optimize Socially Responsible Factors While Managing Risk
Barclays Global Investors, N.A. (BGI) today announced the launch of its first exchange-traded fund designed specifically for socially responsible institutional and individual investors. The iShares KLD Select Social Index Fund seeks to maximize exposure to large capitalization companies that have positive social and environmental characteristics while at the same time maintaining risk and return characteristics similar to the Russell 1000(R) Index. The Fund ...