NEW YORK (December 21, 2021) — ISS ESG, the responsible investment arm of Institutional Shareholder Services Inc. (ISS), today announced that V-Square Quantitative Management has licensed the ISS ESG U.S. Diversity Index for its inaugural ETF launch, the V-Shares US Leadership Diversity ETF, which began trading on the New York Stock Exchange today under the symbol VDNI.
Based on ISS ESG’s unique Director and Named Executive Officers datasets, the ISS ESG U.S. Diversity Index (ISSDIVUT) is the first index to select constituents exhibiting both broad ethnic and gender representation for board directors and named executive officers (NEOs). Constituents are selected from a universe of large, mid, and small capitalization US companies.
“This launch is both timely and highly relevant for the many institutional investors and asset owners now working to incorporate best-in-class gender and ethnic diversity metrics into their portfolios,” said Hernando Cortina, Head of Index Strategy at ISS ESG.
At its most recent November 2021 rebalance 91 new constituents met the stringent criteria and were added to the ISS ESG U.S. Diversity Index, bringing the total number of constituents to nearly 500, or more than triple the number compared with just four years ago. This represents approximately one-quarter of the potentially eligible companies.
“We are thrilled to launch the V-Shares US Leadership Diversity ETF, tracking an innovative index, unlocking the diversity value, and focused on diversified human capital in leadership positions accounting for both gender and ethnicity, too,” said Mamadou-Abou Sarr, Co-Founder, President of V-Square Quantitative Management.
The index methodology is available on the ISS ESG website and that of the Index Administrator, Solactive AG, an authorized benchmark administrator under European Benchmarks Regulation (BMR).To learn more about ISS ESG’s index offerings, please click here.
About ISS ESG
ISS ESG solutions enable investors to develop and integrate responsible investing policies and practices, engage on responsible investment issues, and monitor portfolio company practices through screening solutions. It also provides climate data, analytics, and advisory services to help financial market participants understand, measure, and act on climate-related risks across all asset classes. In addition, ESG solutions cover corporate and country ESG research and ratings enabling its clients to identify material social and environmental risks and opportunities. For more information, please visit us at: www.iss-esg.com
Institutional Shareholder Services Inc.