Fund launched to invest in DJSI sustainable shares
DWS, the investment arm of Deutsche Bank, has launched an investment fund based on the Dow Jones Sustainability World Index (DJSI World).
The fund – the DWS Sustainability Leaders Fund – will actively choose stocks which lead their industrial sector in terms of economic environmental and social criteria, said Dow Jones Indices.
“This new offering by DWS is a strong indicator for the growing application of sustainability criteria in mainstream asset management,” says Alexander Barkawi, managing director at SAM Indexes. “The fact that their move comes less than a month after Merrill Lynch and WestLB Panmure launched two structured products based on the DJSI STOXX gives a feeling for the dynamics.
Thomas Schuessler, fund manager at DWS in Frankfurt says the fund group saw sustainability as an important dimension in the stock-picking process.
The launch of this fund reflected DWS’s view that this concept had a positive long-term impact on performance and corporate policy, he says.
The DJSI World family covers the top 10% of the biggest 2,500 companies in the Dow Jones Global Index in terms of economic, environmental and social criteria.