A news release said the FTSE CSAG Terror-Free Index Series, scheduled to be released in 2008, has been devised in response to state regulatory requirements on divestment from Iran, Sudan, Syria, and North Korea.
The announcement said the new index offering is intended to help U.S. pension plans meet their fiduciary duty in complying with new legislation (See Cover: Doing the Right Thing? ).
In a joint statement, FTSE Americas President Jerry Moskowitz and CSAG President and Chief Executive Roger Robinson commented, “Demand is on the rise from U.S. investors for investment vehicles that include terror-free divestment and exclusion screens.The FTSE CSAG Index Series will serve as one-stop-shopping for all asset managers, public pension systems and other financial services providers to offer legislative compliant investing options to their clients and constituents.”
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