DB Climate Change Advisors (DBCCA), the climate change investment and research business of Deutsche Bank’s Asset Management business, and The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) recently introduced the DB NASDAQ OMX Clean Tech Index (DBCC).
The index is an accurate, real-time representation of the globalclean technology sector, including clean energy, energy efficiency,transport, waste management and water companies. DBCC is the firstclean technology index co-branded by a global exchange company and aglobal bank.
The index is comprised of 119 clean tech companies identified by DBClimate Change Advisors from a global universe of approximately 4,000.Each of the index’s companies derives at least a third of its revenuesfrom clean technology within investable geographies and exchanges. Ofthese, 106 companies have over 50% in clean tech revenues.
In total, the Index companies have market capitalization of $250million and over $1 million average daily dollar trading volume. Theindex is equal-weighted to offer greater exposure to smaller-capcompanies.
"Climate change has already, and we believe will continue to deliveras an attractive source of alpha – which is one of the reasons why wesaw the need to provide investors with a comprehensive, global andaccurate benchmark for the sector," said Kevin Parker, Global Head of Deutsche Bank’sAsset Management division and a member of Deutsche Bank’s GroupExecutive Committee. "Through this collaboration, we are able to offerinvestors an index that combines the best of DBCCA’s clean techinvestment expertise and thought leadership with NASDAQ OMX’s globallytrusted index design and calculation services."
"This index demonstrates the commitment of two global innovators toprovide investors greater insight into companies that are driving theclean technology industry," said NASDAQ OMX Executive Vice PresidentJohn Jacobs. “NASDAQ OMX looks forward to continuing to work withDeutsche Bank. Together, we offer investors a unique combination oftrusted leadership, expertise and services."
The DB NASDAQ OMX Clean Tech Index commenced calculation February10th with a value of 1,000.00. The index provides complete transparencyabout screening methods, selection criteria, securities, and sectormapping. NASDAQ OMX is a global leader in creating and licensingstrategy indexes and is home to the most widely watched indexes in theworld. NASDAQ OMX has approximately 1,400 diverse equity, commodity andfixed-income indexes throughout the world.
The NASDAQ OMX Group, Inc. is the world’s largest exchange company.It delivers trading, exchange technology and public company servicesacross six continents, with approximately 3,700 listed companies. Thecompany offers trading across multiple asset classes includingequities, derivatives, debt, commodities, structured products andexchange-traded funds. NASDAQ OMX technology supports the operations ofover 70 exchanges, clearing organizations and central securitiesdepositories in more than 50 countries.
With approximately $709 billion in assets under management globally,Deutsche Bank’s Asset Management division is one of the world’s leadinginvestment management organizations. The Asset Management divisionprovides a broad range of investment management products across therisk/return spectrum.