KLD & Co., of Boston, a provider of social research for institutional investors, has created the KLD Broad Market Social Index, a new socially-responsible index that is based on the Russell 3000 index of stocks. The Russell 3000 index includes stocks that constitute 98 percent of the U.S. equity market capitalization. KLD announced the new index last week.

KLD is currently talking to fund industry participants in hopes of licensing its newly created index for mutual fund or fund-type products.

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