The first index for sustainable equity funds.
Benchmark for sustainable equity funds
With the OeKB Sustainability Fund Index investors and fund managers can now compare their daily fund performance to that of the universe of environmentally and socially responsible sustainable stock funds listed in Austria.
Oesterreichische Kontrollbank AG is providing the OeSFX as a free service to the Austrian financial market. The daily and historical index values since 30 December 2004 are available at OeKB's financial data portal www.profitweb.at.
Criteria of fund eligibility
Funds are eligible for the inclusion in the index if they invest in companies whose environmental and ethical/social practices are particularly responsible. Funds are excluded if they don't rule out the investment in arms and nuclear energy and if they don't require their holdings to respect internationally recognised social responsibility standards such as the labour and human rights declarations of the International Labour Organisation.
Calculation method
The calculation method for OeSFX was developed by an independent advisory committee of experts deriving from different organisations. The unique feature of the calculation method is that the individual funds are weighted depending on their size. Thus the index performance cannot be unduly influenced by a few large funds.
Further information to OeSFX is available at www.oesfx.at.