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Steelman: New Terror-Free Fund Outperforms Benchmark | Missouri Political News Service

Steelman: New Terror-Free Fund Outperforms Benchmark

September 25th, 2007 by mopns · No Comments

JEFFERSON CITY, Mo. (AP) –Missouri’s new terrorist-free investment fund proved to be a financial success in its first year, outperforming an international index used a benchmark, the state treasurer’s office said.

Missouri, in a much publicized move, began investing a small portion of its money last year in a specially crafted international index fund that screens out companies with ties to governments identified as sponsors of terrorism.

Treasurer Sarah Steelman said the special international fund yielded a 28.05 percent return in its first 12 months of operation, which concluded July 31. That exceeded the benchmark return of 23.91 percent in the MSCI EAFE Index, which tracks changes in stocks in 21 foreign countries and includes the companies excluded from the Missouri fund for having terrorism ties, she said.



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