HSBC's Corporate, Investment Banking and Markets division (CIBM) has launched an index to track the stock market performance of companies that stand to profit from the challenges posed by climate change, alongside four investable sub-indexes.The 300 stocks chosen for the HSBC Global Climate Change Benchmark Index include those of companies involved in reducing carbon emissions and dealing with the impact of climate change.
“This index series captures both the imperative of reducing greenhouse gas emissions and the need to adapt to the physical impact of climate change,” claimed Nick Robins, head of HSBC’s Climate Change Centre of Excellence in London.
From the overall benchmark index, HSBC has established four investable climate change indexes that provide investors with exposure to companies that generate 50% of revenues from climate change-related business, such as solar power and biofuel companies.
The quartet of investable indexes are: HSBC Low Carbon Energy Production Index; HSBC Energy Efficiency and Energy Management Index; and HSBC Water, Waste and Pollution Control Index.
HSBC claims these four investable indexes are suitable for creating portfolios for a range of investment needs such as those of long-only funds, hedge funds, exchange-traded funds (ETFs), discretionary funds and structured products.
More on Structured Products
UBS bolsters New York equities desk, among other moves in June
Product will pay 5.95% annually if FTSE 100 or Euro Stoxx 50 are above 65% barrier on coupon date
Lack of liquid options on European mid-cap benchmarks leaves investors stuck with the blue chips
New product issuance in Europe could dry up as result of overbearing new rules, says Graf
Sign up for Risk.net email alerts
Sponsored video: MarketAxess
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.