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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 pollution prevention.

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.

The GE60 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 thematic indexes.

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.

 

 
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