The Nasdaq OMX Group, Inc. is launching a family of indexes designed to track the “green economy”, the exchange company said Wednesday.

The first index in the family, the Nasdaq OMX Green Economy Index, is designed for investors who want to benchmark an investment portfolio based on the segment of the economy that supports clean, renewable and sustainable economic development. It is made up of more than 350 securities from a variety of sectors, including: advanced materials; biofuels; energy efficiency; financial; green building; healthy living; natural resources; pollution mitigation; recycling; renewable energy generation; transportation and water; and sectors.

Sub-indices that track each sector and region of the Green Economy Index will be launched in the coming weeks. Companies for the entire Green Economy Index Family are selected by Rona Fried, Ph.D. of SustainableBusiness.com, LLC.

“Through the Nasdaq OMX Green Economy Index, investors will be able to get exposure to all the companies worldwide that stand to benefit from a societal transition toward a green economy. The index covers the broadest array of companies from natural resources to healthy living, from energy efficiency to renewable energy, from green building to efficient transportation, and from green IT to advanced materials,” says Fried.

IE