November 18, 2008
New Index Will Track Pure-Play Environmental Companies
by Robert Kropp
The Global Environment 60 Index will be available to investors through an exchange-traded fund
offered by Claymore Investments.
Efforts by investors to support investment strategies that help build a more sustainable global
economy gained support by the creation of the Global Environment 60 Index, whose constituents are
pure-play global companies that derive 50% or more of their business from products or services
related to environmental themes.
The index, a collaboration of KLD Indexes and Jantzi Research, identifies companies that help meet the
demand for better corporate environmental practices by providing products or services related to
the themes of alternative energy, clean technology, sustainable water, green building, and
The GE60 was created to respond to growing demand from institutions
and individuals for investment strategies that address the risks and opportunities associated with
a global economy increasingly constrained by natural resources. It responds to global trends that
are expected to have long-term financial impacts.
The index is equally weighted, with the
top 12 companies in each theme selected by float-adjusted market capitalization.
is the first of the Global Environment Index (GEI) series, which will also include an index based
upon each theme, as well as a benchmark index that will incorporate all constituents of the five
The GE60 constituents will be made available to investors by Claymore Investments, a Toronto-based
financial services company whose global sustainability exchange-traded fund will mirror the GE60.
An exchange-traded fund tracks an index but trades like a stock on an exchange.
The Claymore Fund will be traded on the Toronto Stock Exchange.