Thursday, February 3

New ETFs Focus on Social Responsibility

Socially responsible mutual funds have been around for years, not it's an ETF option also.
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"On Monday, the iShares KLD Select Social Index Fund began trading on the New York Stock Exchange.

The ETF's tracking index, maintained by Boston-based research firm Kinder, Lyndenberg, Domini & Co., contains 250 to 350 large-cap non-tobacco companies taken from the S&P 500 and Russell 1000 indexes.
The stocks are then overweighted or underweighted based on how they score on social and environmental factors. "

Yahoo! News - New ETFs Focus on Social Responsibility

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