The NASDAQ OMX Group Inc. and Clean Edge Inc. have introduced the NASDAQ OMX Clean Edge Global Wind Energy Index (Nasdaq: QWND), a modified market-capitalization index. It includes manufacturers, developers, distributors, installers and users of energy derived from wind sources.
‘Wind energy was a $30 billion global industry in 2007 and is projected to continue growing in the years ahead,’ says Ron Pernick, Clean Edge co-founder and managing director. ‘This benchmark enables investors to track the performance of pure-play and multinational companies that are key drivers of this rapidly expanding industry.’
Invesco PowerShares Capital Management LLC, a provider of exchange-traded funds (ETF), will develop an ETF based on the new index and list it on NASDAQ.
SOURCE: Invesco PowerShares LLV