Announced on December 18th, the Dreyfus Global Sustainability Fund is the 1st US Mutual Fund to use the DJSI Global Index as its investable universe. In plain english, this means the Fund will only select investments that have passed the fund’s strict sustainability criteria.
Dreyfus, part of BNY Mellon Asset Management, will join the Chicago Climate Exchange and State Street Global Advisors as the 3rd US Licensee of DJSI. Germany counts 11 Licensees, Switzerland 6 and Japan 2.
Dreyfus’ Chief Investment Officer, Phil Maisano, believes the fund is being launched at an ideal juncture in US government spending priorities:
We expect over the next several years a substantial governmental commitment to invest in the environment. The new Dreyfus Global Sustainability Fund is well positioned to capitalize on this growth area