AFL-CIO Equity Index Fund Tops $5 Billion—Housing and Building Trusts Create Jobs, Build Communities

[Omaha Steve]

X post in Labor

http://www.aflcio.org/Blog/Economy/AFL-CIO-Equity-Index-Fund-Tops-5-Billion-Housing-and-Building-Trusts-Create-Jobs-Build-Communities

10/17/2014Mike Hall



The AFL-CIO Equity Index Fund announced that it has surpassed $5 billion in market value through investments by more than 75 union, Taft-Hartley and public employee pension funds. AFL-CIO President Richard Trumka said:

The success of the AFL-CIO Equity Index Fund demonstrates the value placed by workers’ pension plans on low management fees and the use of shareholder activism to achieve long-term shareholder value.

The AFL-CIO Equity Index Fund (Fund) is a collective investment fund available to qualified employee benefit plans. Launched in March 2011, the Fund tracks the returns of the broad U.S. large-cap equity market at an ultra-low annual fee of only 1.5 basis points (0.015%). The Fund is managed by ASB Capital Management (“ASB”), a registered investment adviser based in Bethesda, Md.

Sign up to receive AFL-CIO Now blog alerts>> at link.

An advocate for long-term shareholder value through proxy voting and shareholder resolutions, the Fund votes in line with the AFL-CIO Proxy Voting Guidelines 100% of the time.

FULL story at link.