DB Climate Change Advisors, the climate change investment and research business of Deutsche Bank’s asset management business, and Nasdaq OMX Group have introduced the DB Nasdaq OMX Clean Tech Index.
The index gives a real-time representation of the global clean technology sector with exposure to clean energy, energy efficiency, transport, waste management and water companies.
This is the first clean technology index co-branded by a global exchange company and a global bank.
The index is comprised of 119 companies identified by DB Climate Change Advisors from a global universe of around 4,000, each with at least a third of revenues derived from clean technology within investable geographies and exchanges identified by Nasdaq OMX. Of these, 106 companies have over 50 per cent in clean tech revenues, using only demonstrated revenue from filed financial statements.
Constituent companies must have market capitalization of USD250m and over USD1m average daily dollar trading volume. The index is equal-weighted to offer greater exposure to smaller-cap companies.
"Climate change has already, and we believe will continue to deliver as an attractive source of alpha – which is one of the reasons why we saw the need to provide investors with a comprehensive, global and accurate benchmark for the sector," says Kevin Parker, global head of Deutsche Bank’s asset management division and a member of Deutsche Bank’s group executive committee. "Through this collaboration, we are able to offer investors an index that combines the best of DBCCA’s clean tech investment expertise and thought leadership with Nasdaq OMX’s globally trusted index design and calculation services."
"This index demonstrates the commitment of two global innovators to provide investors greater insight into companies that are driving the clean technology industry," adds Nasdaq OMX executive vice president John Jacobs. “Nasdaq OMX looks forward to continuing to work with Deutsche Bank. Together, we offer investors a unique combination of trusted leadership, expertise and services."
In addition to a price return index, a total return version is also calculated.
