The index is a real-time representation of the global clean technology sector with exposure to clean energy, energy efficiency, transport, waste management and water companies.
The index is comprised of 119 companies identified by DBCCA from a global universe of approximately 4,000, each with at least a third of revenues derived from clean technology within investable geographies and exchanges identified by Nasdaq OMX. Of these, 106 companies have over 50% in clean tech revenues, using only demonstrated revenue from filed financial statements. Moreover, constituent companies must have market capitalization of $250m and over $1m average daily dollar trading volume.
The index is equal-weighted to offer better exposure to smaller-cap companies. In addition to a price return index, a total return version is also calculated (DBCT).
Kevin Parker, global head of Deutsche Bank’s asset management division (DeAM) and a member of group executive committee at Deutsche Bank, said: “Through this collaboration, we are able to offer investors an index that combines the best of DBCCA’s clean tech investment expertise and thought leadership with Nasdaq OMX’s globally trusted index design and calculation services.”
John Jacobs, executive vice president of Nasdaq OMX, said: “This index demonstrates the commitment of two global innovators to provide investors greater insight into companies that are driving the clean technology industry. Nasdaq OMX looks forward to continuing to work with Deutsche Bank. Together, we offer investors a unique combination of trusted leadership, expertise and services.”
