Benchmarks

Benchmarks

 

Benchmarks.

Our primary benchmark is the Morgan Stanley World Index, including dividends, net of applicable foreign withholding taxes. We chose the MSCI World because it’s widely used for global equity funds. We also track less-widely used environmental indexes to give a clearer picture of value added through security selection. The most reflective of our investment philosophy is the Cleantech Index (CTIUS).

 

Different from SRI/ESG strategies.

We focus primarily on what companies produce and sell, looking for environmental and efficiency attributes.  Our process does not start with screens for social and governance factors or how companies behave. So our approach does not direct capital to environmentally destructive industries such as mining companies, chemical manufacturers and high GHG emitting power generators that are often found in SRI/ESG portfolios.