New stock indexes target green economy

NEW YORK, Sep 22, 2010 (GlobeNewswire via COMTEX News Network) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced it is offering a comprehensive family of indexes designed to track the green economy. Leading the launch is the all-inclusive NASDAQ OMX Green Economy Index (Nasdaq:QGREEN), which is designed to serve investors who wish to benchmark an investment portfolio based on the segment of the economy that supports clean, renewable and sustainable economic development. NASDAQ OMX will expand the Green Economy Index family with additional indexes in the coming months.

Combining the economic factors that power renewable and clean growth, the NASDAQ OMX Green Economy Index covers the entire green economic landscape with constituents that are selected across all industry sectors participating in the green solution. The Index acts as a benchmark for the performance of stocks in the following sectors: advanced materials; biofuels; energy efficiency; financial; green building; healthy living; natural resources; pollution mitigation; recycling; renewable energy generation; transportation and water.

"The NASDAQ OMX Green Economy Index provides a global investment benchmark for institutional and retail investors," said John Jacobs, Executive Vice President, NASDAQ OMX Global Index Group. "Amid the transition from a fossil based economy to the sustainable nature of the green economy, NASDAQ OMX continues to play a leading role in benchmarking the companies and sectors that are engaged in developing environmentally enhancing goods and services."

The NASDAQ OMX Green Economy Index is comprised of more than 350 securities from 13 distinct sectors from a universe of over 460 companies. Indexes tracking each sector and region of the Green Economy Index will be launched in the coming weeks. Companies for the entire Green Economy Index Family are selected by Rona Fried, Ph.D. of SustainableBusiness.com, LLC.

"Through the NASDAQ OMX Green Economy Index, investors will be able to get exposure to all the companies worldwide that stand to benefit from a societal transition toward a green economy. The Index covers the broadest array of companies from natural resources to healthy living, from energy efficiency to renewable energy, from green building to efficient transportation, and from green IT to advanced materials," said Rona Fried, Ph.D., CEO of SustainableBusiness.com, LLC, which jointly developed the Index family with NASDAQ OMX.

Four versions of the NASDAQ OMX Green Economy Index began calculating on September 22, 2010 at a base value of 1000.00. The versions are a Price Return (Nasdaq:QGREEN), Total Return (Nasdaq:QGREENX), a Capped Price Return (Nasdaq:QGREENCP4), and a Capped Total Return (Nasdaq:QGREENCP4X).

For more information about NASDAQ OMX's Green Economy Index Family and the upcoming Green Economy Sector indexes, visit https://indexes.nasdaqomx.com/green.aspx.

For information about the components and weights of the NASDAQ OMX Green Economy Index, visit NASDAQ OMX Global Index Watch at https://indexes.nasdaqomx.com/IndexWatch.aspx.

Comments
comments powered by Disqus
Check out Futures Magazine - Polls on LockerDome on LockerDome