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State Board First to Invest in Terror-Free Fund

A state investment board in Missouri appears to be the first public board in the country to use an international fund that screens out companies with ties to terrorism. KSMU's Missy Shelton reports.

A state investment board in Missouri appears to be the first public board in the country to use an international fund that screens out companies with ties to terrorism.

The Missouri Investment Trust board has chosen to invest in an equities fund that eliminates stock from companies that sponsor terrorism or operate in countries under U-S sanctions.

State Treasurer Sarah Steelman is board chairman of the Missouri Investment Trust.

State Street Global Advisors will manage the fund by working with Conflict Securities Advisory Group, which will identify stocks with global security risk.

Roger Robinson is President and CEO of Conflict Securities Advisory Group.

The firm doesn't make decisions for investors but simply offers data so investors can make well-informed choices themselves.

He says the Missouri Investment Trust is taking the lead on an issue that's likely to become important to many states.

While the idea of socially responsible investing is not new, Robinson says looking at companies with possible ties to terrorism is.

State Treasurer Sarah Steelman says she isn't worried about the possible financial impact of screening out companies with ties to terrorism.

She says her office analyzed past investments and found that the state would not have lost money by implementing the strategy.

Information on evaluating companies' ties to terrorism is available online at terror free investing.com