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Theodoor Gilissen Bankiers N.V. Launches DJSI-based Equity Fund in the Netherlands

Submitted by: SAM Indexes

Categories: Business Ethics

Posted: Jun 12, 2003 – 12:00 AM EST

 

Jun. 12 /CSRwire/ - ZURICH, Switzerland -- Theodoor Gilissen Bankiers N.V. in the Netherlands has launched the first passively-managed Dutch equity fund based on the Dow Jones Sustainability Indexes (DJSI). The Dutch asset manager, which is focused on high net worth individuals and institutional clients, has set up the “Sustainable World Index Fund” to track the Dow Jones Sustainability World Index ex Alcohol, Gambling, Tobacco, Armaments & Firearms (DJSI World ex All).

“While asset managers in the Netherlands already offer a variety of active sustainability funds, we realized that there was no similar Dutch offering for passive sustainability-driven investments. With the Sustainable World Index Fund, we aim to fill this gap and to apply our index-tracking capabilities to this new and increasingly important investment style. We believe that the Dow Jones Sustainability Indexes offer us the most rigorous and professional benchmarks to meet our clients’ demand in this area”, says Rik Wolters, director of Theodoor Gilissen Bankiers N.V.

“With Theodoor Gilissen we have signed up our second licensee in the Netherlands and have increased the total number of sold DJSI licenses to 42. We are delighted that Gilissen chose our benchmarks for this new offering and we are looking forward to supporting their move into this growing market segment.”, says Alexander Barkawi, Managing Director of SAM Indexes.

Note to the editor:

Launched in 1999, the Dow Jones Sustainability Indexes are the first global indexes tracking the financial performance of the leading sustainability-driven companies worldwide. Based on the cooperation of Dow Jones Indexes, STOXX Limited and SAM they provide asset managers with professional and objective benchmarks to manage sustainability portfolios. More than 40 DJSI licenses are currently held by asset managers in 14 countries to manage a variety of financial products including actively and passively managed funds, certificates and segregated accounts. In total, they presently manage 1.7 billion EUR based on the DJSI. A list of the DJSI licensees is available at http://www.sustainability-indexes.com/licensing/current.html.

The Dow Jones Sustainability World Indexes (DJSI World) cover the top 10% of the biggest 2,500 companies in the Dow Jones World Index in terms of economic, environmental and social criteria. As a benchmark for European sustainability investments, the Dow Jones STOXX Sustainability Indexes (DJSI STOXX) cover the leading 20% of the companies in the Dow Jones STOXXSM 600 Index. The selection of index components follows a rule-based process defined in the DJSI Guidebooks and is verified by an external auditor. Full details about the design philosophy, review methodology and index components are freely available at www.sustainability-indexes.com.

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