press releases

New powershares Cleantech portfolio (PZD) exchange traded fund(ETF) will be based on Cleantech Index™ (CTIUS)

 

  • NEW YORK, October 24, 2006 – The Cleantech Index™ (CTIUS, www.cleantechindex.com)
  • will be the sole source for companies included in the PowerShares Cleantech Portfolio (Symbol:
  • PZD) exchange traded fund (ETF), that was launched today. The PowerShares Cleantech
  • Portfolio (PZD) ETF will focus on public companies that have a large portion of their revenue
  • from products and services based on clean technology. PowerShares Cleantech Portfolio (PZD)
  • began trading in options today on the American Stock Exchange® (Amex®).
  •  
  • Nicholas Parker, chairman and co-founder, Cleantech Group™ LLC, comments on today’s
  • announcement, “The CTIUS enables both institutional and retail investors to participate in the
  • broad range of opportunities presented by innovative public companies that are addressing the
  • need for cleaner energy, water, industrial production and environmental stewardship.”
  • The companies listed on the Cleantech Index (CTIUS, www.cleantechindex.com) have a
  • combined market capitalization in excess of $100 billion and have at least fifty percent of their
  • sales obtained from cleantech products and services. The Cleantech Index™ (CTIUS,
  • www.cleantechindex.com) is intended to provide investors with a vehicle to diversify into the
  • emerging "cleantech" investment category while helping bring greater liquidity to publicly traded
  • cleantech companies. The index encourages capital formation for privately-held cleantech
  • enterprises with strong IPO potential. The Cleantech Index™ (CTIUS, www.cleantechindex.com)
  • is the premier investment vehicle developed for capturing the opportunities associated with the
  • substantial increase in the economic value of clean technologies.
  • About the Cleantech Index (CTIUS, www.cleantechindex.com)
  • In February 2006, the Cleantech Group™ LLC announced the creation of the first Cleantech
  • Index™ (CTIUS, www.cleantechindex.com) and it was published on the American Stock
  • Exchange. The index contains more than 50 publicly traded companies that have a sizable
  • proportion of their revenues derived from cleantech. As the forerunner in this field, the index
  • allows the creation of Exchange Traded Funds (ETFs) and structured products to bring additional
  • investment into cleantech. Up-to-date performance and historical pricing for the CTIUS
  • (www.cleantechindex.com) is available at the American Stock Exchange website at
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  • Cleantech Group, LLC™ has three primary business subsidiaries: the Cleantech Venture
  • Network®, Cleantech Advisory Services™ and the Cleantech Indices™.