Jantzi stock index trailed TSX in 2010

  • January 12, 2011

Mining and banking helped end 2010 on a positive note for investors who care about the environment, labour and community standards and transparent corporate governance. But over-all, ethical investors lost ground relative to conventional stock indices.

The Jantzi Social Index grew 11.95 per cent in 2010. That trailed the 13.84-per-cent growth in the S&P/TSX 60 and 17.61 per cent in the S&P/TSX Composite.

For the month of December, the JSI grew 3.16 per cent, compared to 3.99 per cent for the S&P/TSX 60 and 4.09 per cent for the S&P/TSX Composite.

The three stocks with the biggest positive contributions to the Jantzi in December were Suncor Energy Inc., Teck Resources Ltd. and the Bank of Nova Scotia. The three stocks with the most significant negative drag on the JSI were Research in Motion Ltd., Royal Bank of Canada and Rogers Communications Inc.

The JSI was established in 2000 by Jantzi-Sustainalytics and is used by fund managers as a benchmark for those mutual funds and investment accounts that screen out industry laggards in environmental standards, labour and community relations and corporate governance.

Modeled on the S&P/TSX 60, the weighted index grew 94.42 per cent over its first 10 years, compared to 95.47 per cent for the S&P/TSX 60. The S&P/TSX Composite has grown 102.92 per cent over the decade.

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