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I believe in "Baptism by fire" that will transform me from an average joe to a true blue bee's knees in corporate finance and investment banking

Saturday, January 26, 2008

Its such a blessed feeling to have an index launched in my name

Dow Jones Indexes has tied up with Dharma Investments, a leading private investment firm pioneering the development of faith-based investment, to launch the Dow Jones Dharma Index.

The new indexes will measure the performance of companies selected according to the value systems and principles of Dharmic religions, especially Hinduism and Buddhism. The objective
is to provide the investment community with the most comprehensive benchmarks that comply with these principles. The Dow Jones Dharma Indexes are the first faith-based indexes created to measure faith-compliant equities. Previously Dow Jones Indexes had pioneered this space by launching the Dow Jones Islamic Market Indexes in 1999, which today has become one of the leading Islamic market indexes worldwide.

The Dow Jones Dharma Index series includes the Dow Jones Dharma Global Index, as well as four country indexes for the US, Britain, Japan and India. Bringing our religious values onto the global stage offers sustainable solutions to the problems confronting the world today. The principle of dharma contains precepts relevant to good conduct and the implicit requirement of mindfulness about the sources of wealth - and thereby responsible investing.

The Dow Jones Dharma Index plans to screen the company on a combination of environmental, social, governance and traditional sin sector filters. If one has to be included in the listings, the company must pass a set of industry, environmental, corporate governance and qualitative screens for Dharmic compliance.

Dharma Investments has clarified that environmental screens would include company's impact or policies with respect to emissions, climate change and carbon footprint analysis, oil and chemical spills and waste management and recycling.

Companies from sectors where the nature of their business activities and operations have been termed unacceptable are excluded form the index. An illustrative list of prohibited sectors like Brewers, casinos and gaming, pharmaceuticals, tobacco, alcohol, adult entertainment, animal testing and genetic modification of agricultural products will never form part of the index

So all in all I feel elated to have become one of the "Dogs of the Dow"

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