Thursday, September 26, 2013

Bank of America added back to a Dow Jones index (not that one)

Bank of America said Thursday that it's been added back to a Dow Jones index -- just not the one you'd probably think of.

You'll recall that Bank of America was dropped from the premier Dow Jones index -- the Dow Jones Industrial Average -- just this month. Goldman Sachs took the Charlotte bank's place in the list of 30 blue-chip companies.

Bank of America isn't getting its place back there, but it will now be a member of this year's Dow Jones Sustainability Index. That list has 140 companies in North America and 333 worldwide. Bank of America has appeared there from time to time. I don't have a full list, but I know the bank was on there in 2002.

The index includes companies that meet certain sustainability criteria, including supply chain management,
climate strategy and engagement with stakeholders

For the record, the two Dow indices have performed in the same league so far this year. The Dow Jones Sustainability Index is up 12 percent year-to-date, while the Dow Jones Industrial Average is up 16 percent.