Trying to catch two waves at once, UBS, KLD, Domini and Mergent form a fund that combines popular trends:
Socially responsible investing (SRI) and a focus of providing shareholder value by returning cash to shareholders via dividends.
KLD, a socially responsible index provider announced the formation of a new unit trust with global banking giant UBS (UBS). The Unit Investment Trust will follow an index that includes only stocks that are part of both KLD's Domini 400 Social Index and Mergent's Dividend Achievers Index.