Selected Readings
December 2009 - State Street Global Advisors Launches US Community Investing Index Strategy
State Street Global Advisors Launces US Community Investing Index Strategy, December 7, 2009
State Street Global Advisors, the investment management arm of State Street Corporation, announced the launch of its US Community Investing Index strategy, the only offering that seeks to match the returns and characteristics of the US Community Investing IndexTM (USCII). Launched in 2005 by the F.B. Heron Foundation in collaboration with Innovest Strategic Value Advisors, the US Community Investing Index is comprised of more than 300 large- and mid-cap companies spanning all sectors that have demonstrated successful and proactive engagement with economically underserved populations in rural and urban communities in the United States. The USCII employs a methodology that positively evaluates the community investment and engagement performance of a broad universe of companies, using three main factors: strategic alignment, workforce development and wealth creation and community engagement and corporate philanthropy.