Barclays Global Investors has launched its second socially responsible exchange-traded fund.
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The iShares KLD 400 Social Index Fund seeks maximum exposure to companies with positive environmental, social, and governance characteristics, the San Francisco unit of Barclays PLC said Friday.
The fund has an expense ratio of 0.5% and is listed on the American Stock Exchange. It tracks the Domini 400 Social Index, which the Boston firm KLD Research and Analytics Inc. created and maintains.
Barclays Global Investors had $1.6 trillion of assets under management on June 30. It manages 180 exchange-traded funds through its iShares brand. The funds are index funds that are bought and sold like common stocks on securities exchanges.
