December 22, 2008
New Mutual Fund will be First in US to Track Dow Jones Sustainability Index
by Robert Kropp
Dreyfus Fund will include companies listed on Dow Jones Sustainability World Index.
The new Dreyfus Global Sustainability Fund, introduced by Dreyfus, an asset management company currently managing more
than $300 billion in mutual funds, is the first mutual fund offered in the United States that
includes companies comprising the Dow Jones Sustainability World Index (DJSI World).
The Fundís portfolio managers will rank select
stocks within geographic regions, countries and economic sectors based on several characteristics,
including the value of a stock relative to its perceived intrinsic value; the sustainability or
growth of earnings; and financial profile, which measures the financial health of a company. Not an
index fund, the fund is an actively managed one in which the component companies of the index are
Launched in 1999 by Dow Jones Indexes, a leading global index
provider, and Sustainable Asset Management
(SAM), an asset management company exclusively focused on sustainability investments, the Dow
Jones Sustainability World Index measures the performance of global sustainability leaders.
Following SAMís latest global analysis of corporate sustainability leadership, completed in
September, 33 companies will join the index, while 25 firms will be deleted Ė increasing the number
of component companiess to 320 from 312.
DJSI World is a member of the Dow Jones
Sustainability Indexes (DJSI), which are tied to more than 70 licenses in 16 countries comprising
assets of more than $7 billion.
The Dow Jones Sustainability Indexes follow a
best-in-class approach and include sustainability leaders from each industry on a global level. The
annual review of the DJSI family is based on the comprehensive SAM assessment process that
identifies the leading companies through analysis of corporate economic, environmental and social
performance, assessing issues such as corporate governance, risk management, branding, climate
change mitigation, supply chain standards and labor practices. This assessment measures general as
well as industry-specific sustainability criteria in 57 industrial sectors.
included in the DJSI have defined such inclusion as a corporate goal.
SRI World Group, Inc. All Rights Reserved.