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GE, P&G, IBM In New Sustainability Index

NEW YORK ( TheStreet) -- Investors looking for a broader sustainability benchmark get their wish at the end of November when Dow Jones Indexes and SAM, a firm that specializes in sustainability investing, launch a new index.

The Dow Jones Sustainability World Enlarged Index will track the performance of 20% of the most sustainable companies of the 2,500 largest companies in the Dow Jones Global Total Stock Market Index. The new index will have 513 components and a market cap of $11.5 trillion, as of mid-November. Key holdings include Procter & Gamble (PG - Get Report), IBM (IBM - Get Report), Johnson & Johnson (JNJ - Get Report), General Electric (GE - Get Report) and Chevron (CVX - Get Report).

Rodrigo Amandi, managing director of SAM Indexes, said the DJSI World Enlarged was prompted by investor demand.

"SAM Indexes has repeatedly received inquiries for a more extensive investment universe from institutional investors managing sustainability portfolios," he said in a statement.

The new index will be reviewed annually. As is the case with the entire family of Dow Jones Sustainability Indexes, SAM evaluates companies based on a economic, environmental and social performance.

-- Written by Melinda Peer in New York.

>To contact the writer of this article, click here: Melinda Peer.

>To follow the writer on Twitter, go to http://twitter.com/mpeer_greennews.

>To submit a news tip, send an email to: tips@thestreet.com.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

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SYM TRADE IT LAST %CHG
CVX $104.89 0.00%
GE $27.68 0.00%
IBM $172.22 0.00%
JNJ $101.35 0.00%
PG $79.95 0.00%

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