Its methodology scores potential components on ESG factors relative to their industry peers; companies scoring in the top 50% compared with rest of their selection universe, and that pass a “controversy category screen” are included in the index and weighted according to their respective revenue earned, the prospectus said. Oppenheimer has launched two socially responsible funds. One is called the Social Investment Fund, which invests in companies that are environmentally and socially responsible. All Country World Index, trade on the NYSE Arca and have expense ratios of 0.4% and 0.45% respectively.
Oppenheimer has launched two socially responsible funds. One is called the Social Investment Fund, which invests in companies that are environmentally and socially responsible. All Country World Index, trade on the NYSE Arca and have expense ratios of 0.4% and 0.45% respectively.