Bron
FTSE
FTSE Group, the global index company, today launches the FTSE ET50 Index, made up of the largest fifty pure play environmental technology companies by market capitalisation worldwide, with an investable market cap of USD161,216m. The constituents are taken from a larger universe of over 500 global companies currently researched by Impax, the specialist environmental investment manager, who has partnered with FTSE to develop a range of indices within the environmental technology space.
The companies have an investable market cap of more than $161 million.
The release of green-focused investment vehicles is part of a growing trend. Earlier this month, for example, Standard and Poor’s unveiled its Global Eco Index to measure the performance of 30 of the largest public companies that profit from eco-related technologies.
The Global Eco Index covers companies in 12 countries with an adjusted market capitalization of $388 billion.
In March, S&P launched its Global Thematic Index Series which is composed of three indices: its Global Clean Energy Index, Global Water Index and Global Infrastructure Index.
Merrill Lynch launched its Energy Efficiency Index in August to track 40 global companies in four sectors that will probably profit from energy efficiency.
And just last month, Barclays Capital launched the first global index to follow the performance of carbon credits and the carbon emissions market.
