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

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.



Source

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