April 3, 2007
ABN Amro has launched the world’s first climate change and environment index
http://www.asianinvestor.net/article.aspx?CIaNID=48718
The rules-based index, which will be managed by Standard and Poor’s, comprises of up to 32 stocks involved in a number of environmentally conscious industries ranging from renewable energy, water and waste management to businesses in ethanol, geothermal and alternative fuels.
The index will be rebalanced semi-annually and will ensure that money will be redistributed by taking profits from the companies that have performed. Additionally, the index will also be re-weighted on an annual basis to reflect changes in the market capitalisation of each sub-sector and to also reflect actual relative growth in each sector.
|
|
Within this basket, there are eight official sub-sectors, each comprised of up to four companies
India “star” mutual manager to launch HF
HSBC Halbis Partners, the active asset-management arm of HSBC Group, is launching its India Alpha Fund, a long/short strategy that marks the first hedge fund for veteran India equities manager Sanjiv Duggal.
