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KLD
to Assist Northern Trust in Helping Institutional Clients Comply
with Sudan Divestment Mandates
In
its December
6, 2005 press release, Northern Trust Global Investments (NTGI)
announced the creation of seven new index funds to help state pensions
in Illinois meet their investment objectives while complying with
recent Sudan divestment mandates. Northern trust has enlisted the
help of KLD to screen companies for these indexes.
Northern
Trust stated, “Utilizing its proprietary quantitative investment
process and extensive experience in customized benchmarks, Northern
Trust will construct portfolios that will minimize the tracking
variance caused by the elimination of the divested stocks in ‘Sudan-free’
versions of the following indexes:
- Standard & Poor's 500
Index
- Standard & Poor's Growth
Index
- Standard & Poor's Midcap
400 Index
- Dow Jones Wilshire 5000
Index
- Dow Jones Wilshire 4500
Index
- MSCI EAFE (Europe Australasia
and Far East) Index
- Lehman Aggregate Bond
Index”
KLD's Sudan
Compliance Service identifies publicly traded companies worldwide
-more than 130 companies- doing business in the Sudan and explains
specifically why they are on the list. While KLD is presently focusing
on adherence to the Illinois
Public Act 0094-0079, we are also gathering and analyzing enough
data to customize the list to meet future mandates and investor
needs.
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