Europe's first Christian equity index was launched yesterday in response to growing demand from investors for so-called ethical stocks in the wake of the financial crisis.
The Stoxx Europe Christian Index is comprised of 533 European companies that only derive revenues from religiously approved sources.
BP, HSBC, Nestlé, Vodafone, Royal Dutch Shell and GlaxoSmithKline are among the companies in the index. Only groups that do not make money from pornography, weapons, tobacco, birth control and gambling are allowed to be listed.
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