News Summary: Social indexes nix Caterpillar

Published June 27, 2012 8:11pm ET



COMPANY REMOVED: A U.S. investment firm has removed Caterpillar Inc. from three of its popular indexes that track socially responsible investments, citing concerns about the Israeli military’s use of company bulldozers in the Palestinian territories.

QUICK IMPACT: MSCI Inc.’s decision led mutual fund giant TIAA-CREF to divest itself of $72 million in Caterpillar stock from its “Social Choice” fund, which tracks one of MSCI’s indexes. Both decisions were made in March, but only recently disclosed.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.