JSI performs well pre-market meltdown

  • September 25, 2008
{mosimage}TORONTO - The pre-Wall Street meltdown market was a calm, even dull affair for Canadian ethical investors judging by the Jantzi Social Index results for August.

The JSI rose 1.4 per cent in August, keeping pace with the best known conventional indexes.
The S&P/TSX 60, which closely resembles the JSI Index of 60 Canadian stocks, rose 1.43 per cent, while the broader S&P/TSX Composite edged up 1.54 per cent.

The JSI  continues to suffer because it doesn’t include more oil and gas stocks in its group. The Jantzi does include Suncor Energy Inc. on its menu of stocks because Suncor does a better job than other energy sector companies in regard to the environment. Suncor kept the Jantzi competitive with the conventional indexes in August, according to an analysis by State Street Global Advisors.

Since its inception in January 2000, the JSI has risen 95.42 per cent in value. Over the same period the S&P/TSX 60 has grown 95.17 per cent and the S&P/TSX Composite has pushed up 93.21 per cent.

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