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SAM and Dow Jones Indexes launch DJSI Nordic Index
Pioneers in Sustainability Investing expand regional index offering / Nordic index meets institutional demand for focused regional sustainability benchmark / Strong platform to launch related products
Designed to underlie financial products such as exchange-traded funds or mutual funds, the DJSI Nordic provides market participants with a reliable and independent sustainability benchmark for Nordic equities. The DJSI Nordic includes 29 sustainability leaders from Denmark, Finland, Norway, and Sweden. The index is calculated in EUR and USD and it will be rebalanced annually in September.
In keeping with all Dow Jones Sustainability Indexes, the DJSI Nordic components are selected and weighted based on SAM's systematic Corporate Sustainability Assessment, which analyzes company performance in terms of economic, environmental and social criteria. Specifically, the assessment looks at Nordic corporations in terms of general as well as industry-specific criteria such as energy use, corporate governance, climate change strategy, human resources development, stakeholder relations and knowledge management.
Rodrigo Amandi, Managing Director, SAM Indexes: "Sustainability is a salient topic for Nordic corporations. Their progressive approach towards sustainability issues is reflected in their generally high performance on our annual Corporate Sustainability Assessment. In this respect, investors have requested a segregated benchmark that resonates with Nordic commitment to Sustainability, and we are eager to bring this product to the market."
Michael A. Petronella, President, Dow Jones Indexes: "We have seen increasing interest in regional sustainability indexes and with the expansive DJSI family we feel we have a strong platform to meet the Nordic demand for a regionally specific sustainability benchmark."
Established in 1999, the Dow Jones Sustainability indexes are the longest running benchmarks for Sustainability Investing. Over the past decade, SAM and Dow Jones Indexes have remained committed to providing independent and reliable sustainability benchmarks while continually advancing and expanding in the sustainability arena. The Nordic Index marks another step towards meeting market demand and diversifying the product offering. Overall, more than USD 8 billion in assets under management is currently linked to the DJSI, as well as a broad range of financial products such as mutual funds, separate accounts, notes, and futures and exchangetraded funds.
DJSI Nordic Index Quick Reference:
Launch date: November 30, 2010
Market capitalization: EUR 245 billion (as of November 19, 2010)
- Novo Nordisk A/S Series B
- Nokia Corp.
- L.M. Ericsson Telephone Co. Series B
- Hennes & Mauritz AB Series B
- Statoil ASA
About Dow Jones Indexes
Dow Jones Indexes is a leading full-service index provider that develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best-known for the Dow Jones Industrial Average, Dow Jones Indexes offers more than 130,000 equity indexes as well as fixed-income and alternative indexes, including measures of hedge funds, commodities and real estate. Dow Jones Indexes employs clear, unbiased and systematic methodologies that are fully integrated within index families. Dow Jones Indexes is a joint venture company which is owned 90 percent by CME Group Inc. and 10 percent by Dow Jones & Company, Inc., a News Corporation company (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV).
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