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Bolsas y Mercados Españoles (BME) and FTSE Group (FTSE), the global index company, has licensed BBVA to use the FTSE4Good IBEX as the basis of an Exchange Traded Fund (ETF) to be listed on the Spanish Stock Exchange today. The FTSE4Good IBEX index is a new responsible investment index made up of companies listed on the BME that demonstrate good practice in corporate social responsibility.
FTSE indices are increasingly selected by investment banks as the basis of ETFs, and today’s fund joins a successful and rapidly growing family of over 100 FTSE index-linked ETFs available to investors on exchanges worldwide.
In a joint statement, Imogen Dillon-Hatcher, Managing Director, FTSE EMEA, and Jorge Yzaguirre Scharfhausen, Head of Equity Unit, BME said, “There is increasing global institutional investor interest in identifying and investing in companies that meet international Corporate Social Responsibility (CSR) standards. FTSE4Good IBEX is specifically designed to actively encourage Spanish companies to adopt international standards of responsible business practice and we are delighted that BBVA has selected it as the basis of the first responsible investment ETF in Spain.”
Mr. Eugenio Yurrita, Head of BBVA Asset Management said, “We are extremely proud to lead this initiative. BBVA has been in the forefront of corporate social responsibility for years and enjoys building solutions for our clients regarding Socially Responsible Investing.”
More information about FTSE4Good IBEX index, and FTSE responsible investment indices, can be accessed at: www.ftse.com/invest_responsible and www.sbolsas.com/IndiceFTSE4GOODIBEX_EN.htm.
