by Steve Anderson
NEW YORK, Oct. 21, 2013 /PRNewswire/ — Credit Suisse launched the Credit Suisse LGBT Equality Index™ (Bloomberg Ticker: CSLGBT Index) the first index to track the equity performance of companies with LGBT (Lesbian, Gay, Bisexual and Transgender) friendly policies.
The Credit Suisse LGBT Equality Index™ is a capitalization-weighted equity index that measures the performance of US companies recognized for supporting and promoting equality for members of the LGBT community. Index inclusion requires a score of 80 or above on the Human Rights Campaign’s Corporate Equality Index (CEI.) The HRC Corporate Equality Index is the national benchmark for corporate policies and practices related to LGBT employees. The initial concept for the index is the result of conversations between Credit Suisse and LGBT Capital, a thought leader in the field of LGBT-related socially responsible investment activity.
Credit Suisse is also launching today an associated investable portfolio, the Credit Suisse LGBT Equality Portfolio, Powered by HOLT®. HOLT is a Credit Suisse proprietary valuation framework with a disciplined cash flow approach to company analysis and stock selection. This new Portfolio is available exclusively to Credit Suisse Private Banking USA clients. It is currently the only investable instrument associated with the index and contains blue chip companies with progressive LGBT policy and strong capital appreciation potential.
“Wall Street, and Credit Suisse in particular, has a strong track record of providing leadership and support for LGBT-related issues,” said Timothy O’Hara, Credit Suisse Global Head of Equities. “We are very pleased to be launching an Index that tracks the economic impact of LGBT-supportive policies.”
He continued, “The associated Portfolio offers a compelling and unique impact investment opportunity for our Credit Suisse Private Banking USA clients.”
For more information about the Credit Suisse LGBT Equality Index ™ please go to – http://customindices.spindices.com/custom-index-calculations/credit-suisse/all
Credit Suisse AG
Credit Suisse AG is one of the world’s leading financial services providers and is part of the Credit Suisse group of companies (referred to here as ‘Credit Suisse’). As an integrated bank, Credit Suisse is able to offer clients its expertise in the areas of private banking, investment banking and asset management from a single source. Credit Suisse provides specialist advisory services, comprehensive solutions and innovative products to companies, institutional clients and high net worth private clients worldwide, and also to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 46,300 people. The registered shares (CSGN) of Credit Suisse’s parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.
Important Legal Information
The Private Banking USA business in Credit Suisse Securities (USA) LLC is a regulated broker dealer and investment adviser. It is not a chartered bank, trust company or depository institution. It is not authorized to accept deposits or provide corporate trust services and it is not licensed or regulated by any state or federal banking authority.
SOURCE Credit Suisse AG