Barclays' BGI unit to develop genocide-free ETF

Author: Svea Herbst-Bayliss, Reuters, Published on: 12 November 2009

Barclays Global Investors (BGI)...said investors' appetite for socially responsible investments is growing and it plans to develop a genocide-free ETF [exchange-traded fund]... BGI said on Thursday it would rely on a third-party index provider to help weed out companies around the world that are strongly connected with genocide... BGI, a unit of Barclays (BARC.L) that is being acquired by money manager BlackRock Inc (BLK.N), is planning its new product at a time when investors are demanding more specialized investment options, such as so-called green funds that specialize in alternative energy, and are paying more attention to social issues like genocide. [also refers to Fidelity, TIAA-CREF, T. Rowe Price, Vanguard, PetroChina]

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Related companies: Barclays BlackRock Fibres & Fabrics International (FFI) Fidelity Investments PetroChina (part of China National Petroleum Corporation) T. Rowe Price TIAA-CREF Vanguard