FTSE to calculate environmental index

The index, which will be re-branded the FTSE ET50 Index, will be calculated and managed by FTSE and made available to be used as the basis for structured products and ETFs.

The index, launched in 1999 by Impax, is designed to measure the performance of companies whose core business is in the development and deployment of environmental technologies. The index comprises the largest 50 pure play environmental technology companies by market capitalisation worldwide.

“There is increasing global ins

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