S&P Dow Jones Indices (SPDJI) is to develop stock indices for Chilean investors after signing an agreement with the Santiago Exchange.
SPDJI unveiled the partnership yesterday as it launches its first sustainability index in Chile, a country that is one of Latin America’s largest markets for Ucits funds.
The Dow Jones Sustainability Chile Index is based on the Santiago Exchange’s blue-chip ‘IPSA’ index and consists of just 12 companies that fulfill certain sustainability criteria out of an IPSA universe of 40.
However, more companies should be included next year once the IPSA index expands to list the 60 most traded companies.
The key factor in selecting constituents for any DJSI-branded index is a company’s total sustainability score, calculated using RobecoSAM’s annual Corporate Sustainability Assessment (CSA).
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