In a December 1 research report, Credit Suisse equity analysts announced a new market-cap weighted basket of 350 LGBT-inclusive companies called the LGBT-350."Despite the superior share price returns and financial metrics, we note that the LGBT-350 universe trades at a c10% 12-month forward P/E discount," Credit Suisse equity analyst Eugene Klerk said.Visit Business Insider's homepage for more storiesIn the US, 4.
Credit Suisse is aiming to make this easier with the introduction of a market-cap weighted basket of 350 LGBT+ inclusive companies called the LGBT-350. Right now, a large component of the analysis is dependent on corporate reporting of diversity statistics. This means the list is heavily weighted toward the US and large-cap firms, while Asia makes up only 2% of index. Klerk expects this to change as reporting policies evolve.
This isn't the only area of outperformance. The LGBT-350 has crushed the broader equity market in 7 out of the last 11 years and has been "substantially more" profitable, Klerk said. However, this year, the LGBT-350 did underperform broader equities by 3%.
Repent for the Kingdom of the Lord is at hand