Vatican Bank makes first foray into equity indexes, setting stage for potential ETF launches

Key Points

The Vatican Bank launched on Tuesday two equity indexes tracking stocks that it said are consistent with Catholic ethical principles.
Its Eurozone fund includes semiconductor supplier ASML Holding and telecommunications company Deutsche Telekom, while the US-based index holds Meta and Amazon, among other stocks.
The debut sets up the possibility of licensing the indexes for exchange-traded funds, a type of investment product that is booming.

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Check out the companies making the biggest moves premarket: Goldman Sachs — Shares fell more than 2% despite the bank reporting an earnings and revenue beat in its first quarter report, thanks to record equities trading and stronger investment banking revenues. Goldman reported $17.55 in earnings per share and $17.23 billion in revenue, better than […]

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