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.