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Celebrating Pride Month! The Morningstar Developed Markets LGBTQ+ Leaders Index was launched this month. Index construction begins from a large- and mid-cap index made up of 85% of investable developed markets globally, with ESG exclusions then applied. Index constituents must score at least 3 on Morningstar's ExecuPride Assessment Scale, a framework for evaluating LGBTQ+ inclusion through an assessment of executive commitment and direct evidence of diversity and inclusion policies, practices, and corporate support structures. The index is comprised of 100 constituents. First, the highest scoring companies from each of the 11 GICS sectors from North America, Europe, and the Asia Pacific are included. The next four highest scorers in each sector are then included, and the next highest scorers from any sector are included. Constituents are weighted by applying a score tilt factor to their market cap, giving higher scorers additional weighting. Workplace diversity brings clear benefits to corporations and their investors. With applause for this new index, we have added it to our coverage of diversity, equity, and inclusion equity funds and indexes. See our latest quarterly analysis of equality-focused investing at bit.ly/GLIQ. InvestmentNews Steve Randall Ron Bundy Morningstar Sustainalytics Robert Edwards, CFA #PrideMonth #LGBTQ #SustainableInvesting #DiversityEquityandInclusion

Morningstar launches index tracking LGBTQ+ inclusive companies

Morningstar launches index tracking LGBTQ+ inclusive companies

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