If there is a stock index to track, chances are good that there is an exchange-traded fund based on that index. So far, however, there is not an exchange-traded fund that tracks a socially-responsible index of stocks. But, that may soon change, according to industry analysts and executives.

At least one socially-responsible fund company has filed with the SEC for an exemption that would allow it to develop an exchange-traded fund that would be based on its own index of socially-responsible stocks, said Gary Gastineau, managing director of structured investments for John Nuveen Co. of Chicago.

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