KLD Announces Social Investment Unit Trust

Mirroring the Internal Revenue Service Vehicle Tax Credit Program , Bank of America, (BAC) announced expansion of its $3000 reimbursement program to employees purchasing new hybrid vehicles to cover the entire U.S. and more than 185,000 employees, due in part to the success of its pilot program (instituted last June in Boston, Los Angeles and Charlotte). Read the full story here, as well as Bank Of America's Press Release.

Home

Written by David Neubert

Trying to catch two waves at once, UBS, KLD, Domini and Mergent form a fund that combines popular trends:

Socially responsible investing (SRI) and a focus of providing shareholder value by returning cash to shareholders via dividends.

KLD, a socially responsible index provider announced the formation of a new unit trust with global banking giant UBS (UBS). The Unit Investment Trust will follow an index that includes only stocks that are part of both KLD's Domini 400 Social Index and Mergent's Dividend Achievers Index.