DOW JONES LAUNCHES DHARMA INDEXES TO TRACK HINDU AND BUDDHIST-SENSITIVE COMPANIES
January 24th 2008 05:06
Religion News Service reports that Dow Jones has launched Dharma Indexes, which track companies that "observe the values of dharma-based religions such as Hinduism and Buddhism."
The Dow Jones Dharma Indexes are the first to measure dharma-compliant stocks and now track more than 3,400 companies globally, including about 1,000 in the US.
In addition to the global index, Dow Jones has created dharma indexes for the US, Britain, Japan and India.
Dharma Investments, a private faith-based Indian firm, partnered with Dow Jones to create the indexes.
Dharma Investments chief executive Nitesh Gor said, "The principle of dharma contains precepts relevant to good conduct, but also the implicit requirement of mindfulness about the sources of wealth, and therefore responsible investing."
The first faith-based index was the Islamic Market Indexes, in 1999.
Dow Jones said socially responsible investing makes up about 10 percent of America's US$24 trillion investment marketplace.
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