Environmental investment company Impax Group plc, and index company FTSE Group have launched the FTSE Environmental Opportunities All-Share Index.
The new index, made up of 450 constituents covers alternative energy and energy efficiency, water treatment and pollution control, and waste technologies and resource management. It is one of a series of environmental indices that Impax and FTSE are currently developing together.
Impax will research the constituents from the FTSE Global Equity Index Series. Selected constituents must demonstrate that a minimum of 20% of their business comes from environmental markets or technologies. This index will include these companies and offers a broader environmental exposure opportunity to investors.
Ian Simm, Chief Executive of Impax, said, "Environmental investment is a compelling growth story now firmly in the mainstream. To reflect this, the sector needs a credible benchmark for investors. We are delighted to continue this partnership with FTSE, marrying their index expertise and our in-depth sector knowledge."
Russell Investments has already licensed the index for an environmental technology multi-manager fund.
Earlier this year Impax and FTSE launched the FTSE ET50 Index, made up of the largest fifty pure play environmental technology companies by market capitalisation worldwide, with an investable market capitalization of $161,216m.
About Impax Group plc
Impax Group plc was founded in 1994 as a specialist finance house focusing on the markets for cleaner or more efficient delivery of basic services of energy, water and waste. These markets are expanding rapidly, as business and political leaders encourage the development of cleaner products and services in response to the increasing pressures placed on the environment. For further information visit: www.impax.co.uk
About FTSE Group
FTSE Group is a leader in the creation and management of indexes. With offices in Beijing, London, Frankfurt, Hong Kong, Madrid, Paris, New York, San Francisco, Boston, Shanghai and Tokyo, FTSE Group services clients in 77 countries worldwide. It calculates and manages the FTSE Global Equity Index Series, which includes world-recognized indexes ranging from the FTSE All-World Index, the FTSE4Good series and the FTSEurofirst Index series, as well as domestic indexes such as the prestigious FTSE 100. The company has collaborative arrangements with the Athens, AMEX, Cyprus, Euronext, Johannesburg, London, Madrid, NASDAQ and Taiwan exchanges, as well as Nomura Securities and Xinhua Finance of China. FTSE also has a collaborative agreement with Dow Jones Indexes to develop a single sector classification system for global investors.
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