Dow Jones has partnered with the Global Fund to Fight AIDS, Tuberculosis and Malaria to launch the Dow Jones Global Fund 50 Index to help the Global Fund’s cause, with a portion of the revenues generated from licensing the index going to the fund.
The index measures the performance of the largest companies that support the Global Fund.
Already, Deutsche Bank’s exchange-traded fund platform, db X-trackers, has licensed the index to offer the db-X-trackers Global Fund Supporters ETF,
“The collaboration between Dow Jones Indexes and the Global Fund enables Dow Jones to create a new socially conscious measure, and we are pleased to be partnering with an organization of such strong principles and commitment to innovation,” said Dow Jones Indexes President Michael A. Petronella.
“This partnership will help us strengthen our engagement with the private sector and bring the power of financial markets to help save lives,” said Professor Michel Kazatchkine, executive director of the Global Fund.