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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