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The new portfolio of the Corporate Sustainability Index (ISE) presents 40 shares issued by 32 companies from 13 different sectors and it will be valid from December 1st, 2007 to November 30th, 2008. These companies represent a market capitalization of BRL 927 billion, or 39.6% of the total market capitalization of BOVESPA.
The ISE benchmark comprises shares issued by companies recognized for their high level of commitment to sustainability and social responsibility.
The rebalance of the index includes assets of seven listed companies: AES Tietê, Cesp, Eletrobrás, Light S/A, Sabesp, Sadia S/A e Weg, while eight companies had their assets excluded from the index: ALL América Latina, Celesc, Gol, Itaúsa, Localiza, Tam S/A, Ultrapar and Unibanco. The previous ISE portfolio contained 42 shares issued by 33 companies from 14 different sectors, that represent BRL 996 billion or 42.6% of the current stock market capitalization.
The participants of the new ISE portfolio were selected among the 62 companies responding to the questionnaire developed by the Center for Sustainability Studies (Gvces) at the Business Administration School of São Paulo of the Getúlio Vargas Foundation (FGV-EAESP) and sent to the 120 listed companies of BOVESPA that issued the 150 most liquid shares in the Brazilian stock market.
The new index is composed of shares of the following listed companies:
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Highlights From ISE's launching, on December 1st, 2005 to November 27th, 2007, the performance of the index rose by 83%. In the year 2007, the ISE had a positive variation of 25% until November 27th, 2007. |
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