Dow Jones Sustainability Index expanded to cover 20% of world index

Move follows split from STOXX earlier this year.

SAM, the Swiss sustainability fund manager, and Dow Jones Indexes, are to broaden out their joint global sustainability index product, with the launch of the Dow Jones Sustainability World Enlarged Index on November 30.
The new index will increase the number of component companies to 20% (513 comanies) of the largest 2,500 companies in the Dow Jones Global Total Stock Market Index. The existing DJSI World Index, which was launched in 1999, covers 10% of the global universe, or around 300 companies. The new index will be reviewed annually and weighted according to free float market capitalization. It will have a subset index of 459 components that excludes tobacco, alcohol, gambling,armament and firearms, and adult entertainment companies. Companies for the index are selected according to SAM’s corporate sustainability assessment process. DJSI says more than $8bn in assets is currently linked to the DJSI via mutual funds, separate accounts, notes, futures and exchange-traded funds. In July this year, Dow Jones Indexes and SAM terminated an agreement with former partner STOXX and said they would “deepen” their own alliance, with Dow Jones taking over from STOXX as the index calculation agent. 
A Dow Jones Sustainability Europe Index was then launched in August. STOXX continues to run its own sustainability indices.