Nasdaq Adds to Green Economy Index

Nasdaq OMX Group, Inc., which in September launched its family of green economy indices, announced Thursday that it would begin disseminating a total of 20 new Nasdaq OMX Green Economy Indices on Nov. 10. The index family began with the “all-inclusive Nasdaq OMX Green Economy Index (QGREEN),” according to the company, “which is designed to serve investors who wish to benchmark an investment portfolio based on the segment of the economy that supports clean, renewable and sustainable economic development.” That index is made up of more than 350 securities in 13 sectors from a universe of over 460 companies.

The index family is made up of constituents that are also separated into 13 different sectors: energy efficiency, renewable energy generation, healthy living, advanced materials, green building, bio/clean fuels, pollution mitigation, natural resources, recycling, lighting, water, transport and financial. There are two versions of the indices: the first, a price return index, is calculated without regard to cash dividends, and the second, a total return index, is calculated by reinvesting dividends on the ex-date.