New Terror-Free Fund Success

1 decade 7 months 4 weeks ago Tuesday, September 25 2007 Sep 25, 2007 Tuesday, September 25, 2007 9:07:03 AM CDT September 25, 2007 in News
Source: (Copyright 2007 The Associated Press All Rights Reserved.)
JEFFERSON CITY (AP) - The state treasurer's office says a new terrorist-free investment fund is proving to be a financial success.A little more than a year ago, the state began investing a small portion of its money in a specially crafted international index fund that screens out companies with terrorism ties.Treasurer Sarah Steelman says the fund yielded a higher annual return in its first 12 months than a benchmark fund to which it was being compared.The money at issue is in the Missouri Investment Trust, which is a pool of tax revenue from athletes and entertainers that is used for the cultural arts.

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