Now, an Index for Hindu, Buddhist Investors

January 16, 2008

Author: Staff Writer

Source: Business Standard

There's now an index for Hindu and Buddhist investors, on the lines of the Shari'ah-based index which tracks stocks complying with Islamic rules.

Global index provider Dow Jones indexes and Dharma Investments, a private investment company, today announced the launch of Dow Jones dharma index for measuring the performance of companies selected according to the value systems and principles of Dharmic religions, especially Hinduism and Buddhism.

The index series includes the Dow Jones Dharma Global index and four country indexes for the US, the UK, Japan and India. The indices are designed to track financial products such as exchange-traded funds and other investable products, thereby enabling investors to benefit from the performance of companies compliant with Dharmic religious traditions.