'Terror free' index to debut

The FTSE Group and Conflict Securities Advisory Group have teamed up to roll out the Terror-Free Index Series.
MAR 26, 2008
The FTSE Group and Conflict Securities Advisory Group, Inc. have teamed up to roll out a Terror-Free Index Series. The FTSE CSAG Terror-Free Index Series will be issued to institutional investors on March 31 and is expected to be available on the retail side in the late spring. The platform contains three indexes that screen out 600 publicly traded non-U.S companies who have non-humanitarian business ties with Iran, Sudan, Syria, and North Korea. The State Department has listed all these countries as “sponsors of terrorism.” Individual investors will be able to utilize the new platform in late May or early June when Northern Trust Corp. plans to roll out three exchanged traded funds that utilize the index. At a press meeting today to announce the product, to FTSE Americas president Jerry Moskowitz said that despite excluded companies, the firm predicts only a 1/10 of 1% drop in performance from its standard index with less volatility. “It looks like the best of both worlds,” said Mr. Moskowitz.

Latest News

SEC to lose Hester Peirce, deepening a commissioner crisis
SEC to lose Hester Peirce, deepening a commissioner crisis

The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.

Florida B-D, RIA owner pitches bold long-term plan to sell to advisors
Florida B-D, RIA owner pitches bold long-term plan to sell to advisors

IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.

Fintech bytes: Vanilla, Wealth.com forge new estate planning partnerships
Fintech bytes: Vanilla, Wealth.com forge new estate planning partnerships

Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.

Fiduciary failure: Ex-advisor who sold practice fined after clients lost millions
Fiduciary failure: Ex-advisor who sold practice fined after clients lost millions

A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.

Why the evolution of ETFs is changing the due diligence equation
Why the evolution of ETFs is changing the due diligence equation

As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.

SPONSORED Are hedge funds the missing ingredient?

Wellington explores how multi strategy hedge funds may enhance diversification

SPONSORED Beyond wealth management: Why the future of advice is becoming more human

As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management