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Magni Launches 3 New Governance Indexes

IM Press Release
By IM Press Release
6 years ago
Magni Launches 3 New Governance Indexes

Maqasid


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  1. IB Press Release Service Published on :​ ​IslamicBanker.com Publications: ​https://www.islamicmarkets.com/publications 26 March 2018   Magni Launches 3 New Governance Indexes: Corporate Governance Index (​MAGCGOV​); Islamic Stewardship Index (​MAGISLM​); and Catholic Values Index (​MAGCATH​) FOR IMMEDIATE RELEASE:   MINNEAPOLIS, MN, March 26, 2018 – Magni Global Asset Management today announced the launch of three indexes that seek to track the level of good governance among large-cap companies in the US. “Building on our deep knowledge of country-level governance research and its corresponding governance indexes that track emerging markets, EAFE and ACWI ex-US, we now have three additional indexes based on our secular and faith-based portfolios of large-cap U.S. companies,” according to Kurt Lieberman, Magni’s CEO. Magni Corporate Governance Indexes evaluate both the governance and the social aspects of ESG investing. Magni’s approach is much more insightful than a traditional ‘check-the-box’ approach to governance and social issues. A key factor in determining good governance is behavior versus intent. “This is what differentiates us from other research organizations,” says Lieberman. “In the current ESG environment, most measurement focuses on information that companies are willing to disclose. This rewards companies for generating policies and procedures that relate to governance and social issues, but not their behavior or actual impact.” Magni’s Corporate Governance Assessment takes the research methods used on good country-level governance and applies them to a best practices model for corporate governance, thus creating the Sustainable Value Creation principles. These principles analyze 316 qualitative factors for each company. Magni goes beyond assessing each company’s relationship with its shareholders and employees; it also assesses the relationships with customers, suppliers, competitors, and the communities in which the company operates. This approach provides a complete and holistic analysis of governance that incorporates the social aspects of ESG investing. “Our research results in a score for each company, and that score determines the company's weight in the index,” adds Lieberman. About the Indexes
  2. IB Press Release Service Published on :​ ​IslamicBanker.com Publications: ​https://www.islamicmarkets.com/publications Magni Corporate Governance Index​ seeks to track the level of good governance among large-cap companies in the US. Our research focuses on each company’s governance structure and stakeholder relationships to assess the level of good governance at a behavioral level. Magni Islamic Stewardship​ Index combines Islamic guidance for businesses from the Maqasid with a best-practice model for corporate governance to screen Shariah-compliant large-cap US companies. In addition to its influence on individuals, Islamic guidance for good corporate governance provides a valuable, practical and business-relevant moral compass. When a business incorporates Maqasid values into its conduct, we believe that a better experience or outcome can be achieved. Magni Catholic Values Index​ combines Catholic Social Teachings with a best-practice model for corporate governance to screen large-cap US companies. A key element missing from existing investment choices of this type is whether a company’s behavior is consistent with the values of the Church. Simply put, there is a need for investment portfolios where companies are assessed for good behavior – instead of just avoiding bad behavior. About Magni Global Asset Management Magni Global Asset Management LLC is the leader in country-level research on corporate governance. Magni developed the Sustainable Wealth Creation principles, based on widely accepted economic concepts, by assessing the accounting, legal, regulatory, adjudicative, and economic infrastructures of countries to determine if they provide an environment conducive to effective corporate governance. Its extensive database covering more than 17 years contains research on countries across 280 qualitative factors. Adding corporate governance indexes to the Magni product family is a logical extension of the firm’s capabilities. For more information, please visit ​www.magniglobal.com​ or ​www.magniglobal.com/indexes​. Follow us on Twitter @MagniGlobal. Media Contacts: Brad Hanson, Managing Director Phone: 952-826-9610 BHanson@magniglobal.com Laura Gideon, Managing Director Phone: 612-867-7513 LGideon@magniglobal.com