Submitted by: KLD Research & Analytics, Inc.
Categories: Business Ethics
Posted: Feb 11, 2002 – 11:00 PM EST
Feb. 11 /CSRwire/ - KLD Research & Analytics, Inc., a leading provider of social research services for institutional investors, and The Nasdaq Stock Market today announced the launch of the KLD-Nasdaq SocialSM Index (KLD-NSI), the first socially screened index of Nasdaq companies.
"The KLD- Nasdaq Index provides investors exposure to sectors of the marketplace with strong growth potential," said Zoë Van Schyndel, KLD Senior Vice President of Research Products. "With this new option available in the socially responsible investing marketplace, investors now have socially responsible alternatives for any type of investment strategy they would like to follow."
"We are thrilled to be associated with KLD in launching the KLD/Nasdaq Social Index," said John Jacobs, Senior Vice President - World Wide Marketing and Financial Products at The Nasdaq Stock Market. "KLD is one of the foremost social index providers and Nasdaq is the home of many of the most progressive and responsible high growth companies in the world. We believe that makes for a strong partnership and a significant investment product opportunity".
To construct the KLD-NSI, KLD applied an array of social and environmental criteria to Nasdaq Composite domestic companies with over $1 billion in market capitalization. KLD's measurement of corporate social performance includes evaluation of a company's environmental stewardship, employee relations, non-US operations and its involvement in the tobacco industry, among other issues. Only companies listed on The Nasdaq Stock Market are eligible for inclusion on the KLD-NSI.
Among the top ten holdings of the KLD-NSI index are Oracle Corp. (ORCL), a computer software and systems producer, which has notably strong diversity policies; Amgen, Inc. (AMGN), a biotech research and production company with exceptional community involvement programs, and Qualcomm Inc. (QCOM), a communications technology firm to which KLD has assigned a strength rating for its employee involvement policies.
KLD Research & Analytics, Inc. is a Boston-based provider of social research for institutional investors. KLD serves institutional clients who wish to integrate social criteria into their investment decisions. To meet the needs of social investors, KLD provides performance benchmarks, corporate research, and compliance and consulting services analogous to those provided by financial research service firms.
KLD is the creator of SOCRATESSM, a comprehensive online social research database, and the Domini 400 Social IndexSM (DSI 400), the established benchmark for socially screened portfolio performance. In January 2001, KLD Research & Analytics, Inc. launched the KLD Broad Market Social IndexSM (KLD BMSI), the most far-reaching socially screened index available today. In 2001, KLD also launched the KLD Large Cap Social IndexSM (KLD LCSI), tracking the performance of the largest socially screened domestic equities. Within the next year, KLD is planning to launch new social indexes, as well as a streamlined screening tool for portfolio advisors.
The Nasdaq Stock Market lists over 4,100 companies and trades more shares per day than any other U.S. market. For more information about Nasdaq, visit the Nasdaq Web site at www.nasdaq.com or the Nasdaq NewsroomSM at www.nasdaqnews.com.
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