Dow Jones Indexes, together with Dharma Investments have launched the Dow Jones Dharma Indexes to underlie exchange traded funds (ETFs).

They will measure the performance of selected companies according to value systems and principles of Dharmic religions, mostly Hinduism and Buddhism, reports HedgeWeek. Companies that can participate are in compliance with the Dharmic religious traditions. The series also has four country-specific indexes: the United States, United Kingdom, Japan and India.

The ETFs that are created to follow these indexes should be interesting.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.

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