Barclays Global Investors Is Planning To Develop And Introduce An iShares Genocide-Free ETF
“Barclays Global Investors is planning to develop and introduce an iShares Genocide-Free ETF, offering an alternative to investors who are uneasy about holding securities of companies associated with genocide. According to a press release, the company plans to partner with an index provider to identify and screen out companies around the world that they believe are strongly connected to genocide,” Michael Johnston Reports From ETF Database.
“We believe there is investor interest in genocide-free investing and that belief was reinforced through recent conversations with Investors Against Genocide, among others,” said Noel Archard, head of iShares product research and development. “As a result, we intend to develop an extension of our iShares socially responsible ETF offering with an iShares genocide-free ETF.”
“While the details of the Genocide-Free ETF are yet to be determined, it seems likely a central component would be avoiding companies that are either directly or indirectly linked to the human rights abuses in Darfur. According to Investors Against Genocide, four major oil companies, including PetroChina (China), Sinopec (China), ONGC (India), and Petronas (Malaysia) are partnering with the government of Sudan, which is accused of using the majority of its oil revenues to fund the genocide. PetroChina and Sinopec are components of many China ETFs and Emerging Markets ETFs, while ONGC is a core holding of several India ETFs and Petronas is included in the MSCI Malaysia Index Fund (EWM),” Johnston Reports.
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