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Uncertainty affects Jantzi Index
September 28, 2007
TORONTO - In uncertain markets, ethically minded investors have shared in the uncertainty. The Jantzi Social Index of 60 Canadian stocks selected on the basis of their environmental, social and governance practices dropped 0.7 per cent of its overall value in August.
The Jantzi’s step backwards was smaller than the 1.29-per-cent retreat by the broadly based S&P/TSX Composite, and a little bit more than the 0.58-per-cent shrinkage of the S&P/TSX 60.
Not having a lot of oil stocks played in the Jantzi’s favour. It was the telecom sector, and particularly Research in Motion Ltd. which kept things from being worse for the JSI. Holding EnCana Corp. and Petro Canada dragged the socially responsible stock index back.
Over 12 months, the JSI has grown 18.78 per cent, compared with an 18.67-per-cent gain for the S&P/TSX 60 and 15.95 per cent for the S&P/TSX Composite. Since its inception in January of 2000, the Jantzi has outperformed the conventional indexes ballooning 91.4 per cent. In contrast the S&P/TSX 60 has gained 82.18 per cent and the S&P/TSX Composite has managed 85.61 per cent.
Not having a lot of oil stocks played in the Jantzi’s favour. It was the telecom sector, and particularly Research in Motion Ltd. which kept things from being worse for the JSI. Holding EnCana Corp. and Petro Canada dragged the socially responsible stock index back.
Over 12 months, the JSI has grown 18.78 per cent, compared with an 18.67-per-cent gain for the S&P/TSX 60 and 15.95 per cent for the S&P/TSX Composite. Since its inception in January of 2000, the Jantzi has outperformed the conventional indexes ballooning 91.4 per cent. In contrast the S&P/TSX 60 has gained 82.18 per cent and the S&P/TSX Composite has managed 85.61 per cent.