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Products January 4, 2011
Everence Unveils Socially-Screened Index Fund
Everence Capital Management launched the MMA Praxis
International Index Fund (MPLAX for Class A Shares, MPLIX for Class I
Shares).
Reported by PLANADVISER staff
A news release said the offering is a “socially-screened” index fund, which includes emerging markets, and is the only socially-screened fund to use the MSCI All Country World ex-U.S. Index. The fund aims to provide investors with greater access to both developed and emerging international economies while also making an impact on the global community.
The offering seeks to capture the investment performance of developed and emerging international markets domiciled both in the developed markets of Europe, Australia, the Far East and other emerging markets. The fund is managed by Aperio Group, LLC.