Solactive launches ethical US equity index
Following the launch of the Ethical Europe Equity index, Solactive AG, a Frankfurt-based index provider has now launched an ethical US equity index, both indices use BNP Paribas as underlying for investment solutions.
The starting universe for the index is provided by Video a rating agency which applies environmental and social governance criteria in its selection, ccompanies with more than 5% of sales from weapons, gambling, tobacco and nuclear are removed from the universe.
Steffen Scheuble, CEO, Solactive, said: “The Ethical US Equity Index tracks the price movements of stocks that have a high dividend, relatively low historical volatility and, above all, that pass several strict corporate social responsibility screens. By doing so, the Index combines standard financial objectives together with the investors’ rising demand for social, environmental and ethical tools.”