Values-based Indices
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Many investors seek to invest in accordance with their values—such as religious beliefs, moral standards, or ethical views. MSCI’s Values-based indices include companies that are compatible with such values, in addition to incorporating ESG factors. The indices exclude companies that are inconsistent with specific values-based criteria. |
The MSCI KLD 400 Social Index includes 400 (large, mid and small capitalization) companies with high ESG ratings relative to the constituents in the MSCI USA Investable Market Index, while maintaining sector weights similar to the MSCI USA IMI. In addition, the index excludes companies with significant business activities involving alcohol, tobacco, firearms, gambling, nuclear power or military weapons. The index was launched in May 1990, and is one of the first Socially Responsible Investing (SRI) indices to market.
The MSCI USA Catholic Values Index includes 400 (large, mid and small capitalization) companies with high ESG ratings relative to the constituents in the MSCI USA Investable Market Index, while maintaining sector weights similar to the MSCI USA IMI. Additionally, the index includes companies that meet Catholic investment standards as defined by the Socially Responsible Investment Guidelines (USCCB SRI Guidelines) created by the United States Conference of Catholic Bishops.
The MSCI KLD 400 Social Index and the MSCI USA Catholic Values Index are set to 400 companies at each Quarterly Index Review (February, May, August, November).