OeKB Sustainability Fund Index

What's the OeSFX

OeSFX - OeKB Sustainability Fund Index

A growing number of investors are putting their money into companies whose activities are seen as particularly environmental and socially responsible. To achieve the greatest possible diversification of risk, a useful strategy for these investors is to buy environmental, ethical or other sustainable equity funds.

First benchmark for sustainable equity funds

With the OeKB Sustainability Fund Index (OeSFX), 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.This first equity fund index of its kind world-wide allows the benchmarking of performance in this growing segment of the Austrian fund market. The individual funds in the OeSFX are weighted so that the index performance cannot be unduly influenced by a few large funds; depending on their size, funds are weighted with a factor of 1, 2 or 3.

A free service

Oesterreichische Kontrollbank AG (OeKB) has been providing the OeSFX as a free service to the Austrian financial market since May 2005. The daily and historical index values since December 30, 2004 are available at OeKB’s financial data portal, www.profitweb.at. OeKB, as a provider of financial market data and indices registered and verified under the European Regulation for an Environmental Management and Audit Scheme, EMAS, regards the OeSFX as a contribution to the transparency of financial information and an important element in its sustainability programme.

Index advisory committee

The OeSFX was developed by an independent advisory committee of experts from the following organisations:

• ÖKO-INVEST Verlagsgesellschaft
  (a publisher specialising in socially responsible
  investing)
• Verein für Konsumenteninformation
  (Austrian Consumer Protection Association)
• Austrian Business Council for Sustainable
  Development
• OeKB Financial Data Services

Data quality audits

The work of the advisory committee, the information on the OeSFX and the published data itself are regularly audited by government-certified EMAS environmental verifiers. This makes the OeSFX the first index to grow out of an EMAS environmental management system.

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