Credit Suisse Says LGBTQ-Inclusive Stock Basket Has Outperformed
- Companies with LGBTQ-supportive policies beat MSCI benchmark
- Revenue growth, returns stronger at firms embracing diversity
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Shares in companies supporting diversity including gender identity and sexual orientation have historically performed better than the broader market, according to Credit Suisse Group AG analysts.
Credit Suisse’s market-cap weighted basket of about 350 LGBTQ-inclusive companies, which includes firms such as Apple Inc., Tesla Inc. and JPMorgan Chase & Co., has outperformed MSCI Inc.’s flagship ACWI global equity index excluding those 350 constituents by 378 basis points a year since 2010, analysts including Eugene Klerk wrote in a report.