Jantzi Social Index on rise again

  • May 22, 2008

{mosimage}TORONTO - After a year of sub-par results the Jantzi Social Index is once again leading the band among Canadian stock indexes.

The JSI gained 5.9 per cent in April, edging out its nearest relative, the S&P/TSX 60, by nearly half a percentage point.

The same group of stocks that has dragged the Jantzi down over the last year also contributed to the April turnaround. Overweighting in favour of financial sector stocks, primarily the big banks, boosted the JSI while resource sector stocks, including gold miners such as Goldcorp and American Barrick, held back the S&P/TSX 60.

Earlier this year, for the first time in its eight-year history, the Jantzi Social Index began to show results worse than both the S&P/TSX 60 and the broader S&P/TSX Composite over the lifetime of the JSI. Those results followed a 2007 in which the less judgmental standard indexes benefited by holding oil and hard rock mining companies whose environmental practices disqualify them from the JSI.

April was a reminder of how things used to be through the first six years of the index which chooses stocks based on their performance according to environmental, social and corporate governance measures, said Jantzi spokesperson Paula Glick. Compared to the JSI’s 5.9-per-cent gain, the S&P/TSX 60 picked up 5.42 per cent and the S&P/TSX Composite managed just 4.6-per-cent gains.

The April performance was enough to put the JSI back on top when comparing the three indexes since the January 2000 inception of the socially responsible investment index. Over just more than eight years the JSI has grown in value 94.71 per cent, compared to 92.23 per cent for the S&P/TSX 60 and 92.71 per cent for the S&P/TSX Composite.

Comments (0)

There are no comments posted here yet

Leave your comments

  1. Posting comment as a guest. Sign up or login to your account.
Attachments (0 / 3)
Share Your Location
Type the text presented in the image below

Support The Catholic Register

Unlike many other news websites, The Catholic Register has never charged readers for access to the news and information on our site. We want to keep our award-winning journalism as widely available as possible. But we need your help.

For more than 125 years, The Register has been a trusted source of faith based journalism. By making even a small donation you help ensure our future as an important voice in the Catholic Church. If you support the mission of Catholic journalism, please donate today. Thank you.