Barclays Bank has launched the Barclays Return on Disability Exchange Traded Notes, which have listed on the NYSE Arca Stock Exchange under the ticker symbol RODI.
The ETNs are linked to the performance of the Return on Disability US LargeCap ETN Total Return USD Index and are designed to provide investors with exposure to US-based companies that have acted to attract and serve people with disabilities – and their friends and family – as customers and employees.
The index uses a quantitative ranking methodology to measure a company’s publicly observable activities relating to people with disabilities across three key areas: talent, customer and productivity.
This ranking methodology focuses on elements that have the potential to increase shareholder value in a company, such as using best practices for attracting and hiring candidates with disabilities, focusing on ‘ease of use’ features in products and services, and implementing productivity-focused process improvements driven by people with disabilities.
The index notionally tracks the returns that may be available from investing in a basket of up to 100 stocks that are selected pursuant to the Return on Disability Binary Ranking, created by The Return on Disability Group (an affiliate of the Donovan Group), and meet certain market capitalisation, trading volume and financial viability thresholds. Donovan Group is the index sponsor.