How appealing. In these markets, terror is a daily occurrence. In fact, the whole business is just frightening.
The good news is that FTSE - which we should note is part-owned by the Financial Times - is launching a series of terror-free indices. The bad news is that they won’t help you avoid a white-knuckle ride in the stock markets.
The indices, in association with research group Conflict Securities Advisory Group, is designed to cater to US sensibilities which has seen various state governments move towards legislation which requires state funds, particularly pension plans, to be invested away from companies doing business in countries deemed to sponsor terrorism, namely Iran, Sudan, Syria and North Korea. The new products are effectively a screen of the various FTSE All World ex-US indices, with about 400 companies deemed to have active non-humanitarian ties to the black-balled nations.
Cuba, notes the NY Post, remains in. It apparently “hasn’t menaced the US or stockpiled weapons invetories like the other renegade countries.”
Another possible twist for your free-range, vegan portfolio.
Related links
FTSE and CSAG launch new index series to assist US investors in meeting terror-free mandates
TerrorFreeInvesting
