20 companies added to index focused on social and environmental good
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A global investing index that seeks to identify the best transparent companies is updating its holdings in 2022.
The index — called the Transparency Index — is adding 20 new companies to its list of 100 companies that exclude certain industries it deems harmful for people and the planet.
These include alcohol, chemicals, financial, pharmaceutical, confectionary, fossil-fuel transportation, gambling and metals and mineral, as well as oil and natural gases and tobacco.
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The index gives each company a weighting around 1%.
This index will be used by ARK Investment Management to create a brand new ETF, which is headed by Cathie Wood (CEO and chief investment officer). The ETF was called “The”. ARK Transparency ETFTrades under ticker CTRU and is the first passive investment product of the company.
This ETF traded at $18.41 a share Friday before dropping by slightly more than 1%. The flagship ARK Innovation ETF, however, suffered a 1% drop. dramatic selloffOn Thursday, this was partly due to the rising interest rate. On Friday, the fund traded around $85 per shares.
The 2022 Transparency Index: New Companies
Ticker | Company |
TECH | BIO-TECHNE CORP. |
CDLX | CARDLYTICS, INC. |
CDNA | CAREDX, INC. |
CBOE | CBOE GLOBAL MARKS, INC. |
CRSR | CORSAIR GAMING INC. |
GTLB | GITLAB INC. |
NTAP | NETAPP, INC. |
NTNX | NUTANIX, INC. |
PSO | PEARSON PLC |
PVH | PVH CORP. |
QLYS | QUALYS, INC. |
RDWR | RADWARE, LTD. |
RBLX | ROBLOX CORP. |
SON | SONOCO PRODUCTS CO. |
SONO | SONOS, INC. |
SPB | SPECTRUM RANDS HOLDINGS INC. |
SPT | SPROUT SOCIAL, INC. |
SHOO | STEVEN MADDEN LTD. |
SFIX | STITCHFIX INC. |
WRBY | WARBY PARKER, INC. |
The Transparency Index now includes these companies Cboe Global MarketsThe Chicago Board Options Exchange is owned by. Sprout SocialThe provider of social media management software that is web-based, is.
This index identifies companies who value transparency and are open to discussing it with employees as well as customers. Paul Pagnato (chairman and founder of Transparency Invest), the company behind the Transparency Index, stated that there is no influence or pay-to-play.
The Transparency Index has been removed from the list of companies
Ticker | Company |
ARMK | ARAMARK |
AVT | AVNET, INC. |
BE | BLOOM ENERGY COMPANY |
COST | COSTCO WHOLESALE COMPANY |
DE | DEERE & CO. |
DIOD | DIODES, INC. |
ENPH | ENPHASE ENERGY INC. |
GMAB | GENMAB A/S |
HRC | HILL-ROM HOLDINGS, INC. |
INFN | INFINERA CORP. |
IDCC | INTERDIGITAL, INC. |
NVTA | INVITAE CORP. |
MTLS | MATERIALISE N.V. |
NKE | NIKE, INC. |
SYK | STRYKER CORP. |
SUMO | SUMO LOGIC INC. |
SUZ | SUZANO S.A. |
TRMB | TRIMBLE, INC. |
Z | ZILLOW GROUP INC. |
ZM | ZOOM VIDEO COMPMUNICATIONS INC. |
These are the names of 80 people who will remain on this list. Starbucks, SalesforceAnd WorkdayCloud applications that support human resource management are offered by.
In the meantime, 20 companies including NikeAnd Zillow Group
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