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News Briefs |
Wells Fargo Advantage Social Sustainability Fund to Screen for Corporate Responsibility
(10/11) New mutual fund from Wells Fargo invests in large cap companies that meet SRI screening criteria. Investor Initiatives Join Forces to Call for ESG Considerations in Investment Research (10/10) UN-backed Principles for Responsible Investment and Enhanced Analytics Initiative have more than $15 trillion in assets and a shared commitment to better research. Calvert Adds Global Water Fund to Series of SRI Portfolios (10/09) Anticipating need for $1 trillion investments annually, sustainable investors see water as key opportunity globally. Carbon Disclosure Project Publishes Sixth in Annual Series Detailing Corporate Emissions (10/08) Investors network elicits data from corporations globally and finds improved focus on risks and opportunities of climate change. European SRI Market Reaches $3.7 Trillion in 2007 (10/07) Eurosif study finds 102% increase in SRI assets since 2005 fueled by increasing relevance of environmental, social and governance issues for institutional investors and high net worth individuals. More News Articles
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New Sustainable Transportation ETF to be Launched on NASDAQ
Invesco PowerShares Capital Management
LLC plans to list its PowerShares Global Progressive Transportation Portfolio on the NASDAQ
Stock Market on September 18, 2008.
To be traded under the ticker PTRP, the portfolio is an exchange-traded fund (ETF) that is based on the Wilder NASDAQ OMX Global Energy Efficient Transport Index. An index-based exchange-traded fund seeks to replicate the movements of an index of a financial market. The Wilder Index tracks innovative and energy efficient transportation by focusing on businesses that are engaged in cleaner and improved means of transporting goods and people. It includes a global group of companies engaged in four focus areas: alternative vehicles; rail and subway systems; sea, land, air and intermodal; and transport innovation.
Google Heats Up Next Generation Geothermal Energy
More than $10 million in investments and grants will flow from Google.org into Enhanced Geothermal Systems (EGS) technology.
Google is also supporting research into governmental policies on geothermal energy and next
generation geothermal resource mapping.
Fixed Income Classes Get Indexes with ESG Performance Factors
The KLD US Corporate Bond (USCB) Index series is the first US index that applies environmental,
social and governance (ESG) factors to fixed income asset classes. Launched by KLD Research & Analytics, Ryan ALM, and
Mergent, the indexes are available as 1-3 years, 1-5 years and 1-10 years bond indexes.
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