S&P Dow Jones launches S&P/Topix 150 Environmental index series

By Lisa Kerner

Charlotte, N.C., April 8 – S&P Dow Jones Indices, along with the Tokyo Stock Exchange, announced the launch of the S&P/Topix 150 Environmental index series.

The new index series features four benchmarks designed to meet the growing demand of environmentally and socially conscious Japanese investors, according to a news release.

S&P said all the indexes were constructed based upon the constituents of the S&P/Topix 150 index, one of the leading investable equity benchmarks in Japan.

These four indexes are as follows:

• The S&P/Topix 150 Fossil Fuel Free index, which is designed to measure the performance of companies in the S&P/Topix 150 that do not own fossil fuel reserves;

• The S&P/Topix 150 Carbon Efficient Select index, which measures the performance of the companies in the S&P/Topix 150 with relatively low carbon emissions;

• The S&P/Topix 150 Fossil Fuel Free Carbon Efficient index, which is designed to measure the performance of companies within the S&P/Topix 150 Fossil Fuel Free index while applying the same weighting process based on the Carbon Footprint metric as the S&P/Topix 150 Carbon Efficient index; and

• The S&P/Topix 150 Fossil Fuel Free Carbon Efficient Select index, which measures the performance of the companies in the S&P/Topix 150 Fossil Fuel Free index with relatively low carbon emissions.

S&P Dow Jones Indices is part of McGraw Hill Financial.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.