Barclays Global Investors
has rolled out a socially-responsible ETF based on Boston-based KLD Research & Analytics' KLD Select Social Index.
The fund invests primarily in large-cap companies based on social and environmental criteria. Tobacco companies are excluded from the index. The index is over-weighted towards companies with higher social and environmental performance, and under-weighted with companies that perform more poorly.
The fund has an expense ratio of 50 basis points.
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