Morningstar launches Eurozone Societal Development Select 80 index

The index will provide investors with exposure to large- and mid-cap eurozone-based companies with a "stronger commitment" to policies aligned to the United Nations' Sustainable Development Goals, and which support economic development in emerging markets. Morningstar said the index has been exclusively licensed by HSBC. The index's starting point will be the Morningstar Eurozone Large-Mid Cap index, with around 400 companies, and it will then apply societal development scores, as well as filtering by company revenue, to bring the number to 80. Morningstar: Vanguard voted against m...