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Thursday, June 29, 2006

Get Your Terror-Free Indexing Here

by: Marie Glancy

No, this concept has nothing to do with overcoming your anxieties about stock performance. But if you're worried your investments might be going to companies with possible links to terrorism, State Street Global Advisors may have a product for you.

The Associated Press has reported that the Boston-based firm was chosen to provide an "anti-terror" index fund for the Missouri Investment Trust Board -- which manages long-term investments for cultural programs -- at the behest of Sarah Steelman, the state's Republican treasurer.

The arrangement doesn't call for State Street to put together a new product; instead, it will screen one of its existing international funds to rule out companies doing business in nations the U.S. has identified as sponsors of terrorism.  

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