Investors wishing to track the performance of the cleantech sector now have access to nine new indices designed to benchmark the performance of subsectors, such as water, pollution and renewable energy. The indices, launched by global index provider FTSE Group on 17 November, are researched by Impax Group, the specialist environmental investment company.
Launched in July 2008, the Environmental Opportunities (EO) series is derived from the FTSE Global Equity Index Series and includes companies with at least 20 per cent of their business derived from environmental markets and technologies.
FTSE said the expansion of the index series offers additional granularity by identifying and segmenting the renewable energy, energy efficiency, water, and waste management markets and will appeal to investors seeking to access the growing low-carbon economy.
The FTSE Environmental Markets indices track the performance of those companies who are best positioned to benefit from the shift to a global low-carbon economy. The expansion of the Environmental Opportunities Index Series offers investors the opportunity to identify those leading global companies within a comprehensive benchmark and tradable index series, said Will Oulton, FTSE’s head of responsible investment.
The nine new indices are: FTSE EO 100 Index (the largest 100 companies included in the FTSE EO All-Share Index); FTSE EO Water Technology 30 Index; FTSE EO Water Technology Benchmark; FTSE EO Renewable Energy 50 Index; FTSE EO Renewable Energy Benchmark; FTSE EO Energy Efficiency 50 Index; FTSE EO Energy Efficiency Benchmark; FTSE EO Waste and Pollution Control 30 Index; FTSE EO Waste and Pollution Control Benchmark.