Green Economy Indexes Out from NASDAQ OMX

New family of indexes tracks green economy

Investors following the green economy now have a place to go: a new comprehensive family of indexes from the NASDAQ OMX Group.

The first of these is the all-inclusive NASDAQ OMX Green Economy Index (Nasdaq: QGREEN). This index is designed for investors who want to benchmark their portfolios based on clean, renewable, and sustainable economic development, NASDAQ OMX announced Wednesday in a news release.

The index, according to the company's website, "acts as a benchmark for the performance of stocks in the following sectors: advanced materials; biofuels; energy efficiency; financial; green building; healthy living; natural resources; pollution mitigation; recycling; renewable energy generation; transportation and water."

It comprises more than 350 stocks from 13 sectors, and the universe considered involves more than 460 companies. Rona Fried, CEO of SustainableBusiness.com, determines which companies will be included in the overall index family. The company developed the index in a joint venture with NASDAQ OMX.

Four versions of the index, at a base value of 1000.00, began tracking on Wednesday: Price Return (Nasdaq: QGREEN); Total Return (Nasdaq: QGREENX); Capped Price Return (Nasdaq: QGREENCP4); and Capped Total Return (Nasdaq: QGREENCP4X).

In coming weeks, indexes that track each sector and region of the Green Economy Index will launch.

"The NASDAQ OMX Green Economy Index provides a global investment benchmark for institutional and retail investors," said John Jacobs, executive vice president of NASDAQ OMX Global Index Group. "Amid the transition from a fossil-based economy to the sustainable nature of the green economy, NASDAQ OMX continues to play a leading role in benchmarking the companies and sectors that are engaged in developing environmentally enhancing goods and services."

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