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The Cleantech Index (CTIUS) adds design software and Asian wind power leaders to portfolioAutodesk and China High Speed Transmission Join Cleantech Index
As part of the rebalance, Hong Kong-based China High Speed Transmission (Hong Kong: 658.HK) and Autodesk (NASDAQ: ADSK) will join The Cleantech Index. They will replace Xantrex (XTX.TO) which is being acquired, Christ Water Technology (CWT.VI), and Comverge (COMV). The changes will also be reflected in the exchange-traded funds (ETFs) based upon CTIUS: the PowerShares Cleantech Portfolio ETF (AMEX: PZD) and the KSM Cleantech ETF in Israel (Ticker: KSCUS.15). “We chose both companies for their growth, industry leadership, impact, and track record,” said Rafael Coven, Managing Director of Cleantech Indices for the Cleantech Group, LLC, and Index Advisor. California-based Autodesk is a leading provider of engineering design and prototyping software. Autodesk software enables architects, engineers, and industrial designers to conceptualize, create, and develop cutting-edge products and buildings rapidly, with less waste and, increasingly, to incorporate attributes of sustainability throughout the process. China High Speed Transmission, also called C-Transmission, is a rapidly growing and profitable manufacturer of large, mechanical power transmission equipment – particularly for wind-power turbines (over half its business), as well as marine propulsion and industrial applications. C-Transmission is well-positioned to take advantage of the global shortage of wind-turbine gear boxes and is currently developing models for 2.5 and 3.0 megawatt turbines. The Cleantech Group’s Cleantech Index is the first, and only, equity index to offer investors and index licensees an easy, liquid, and cost effective way to track and invest in the broad cleantech category. Unlike indices that specifically track narrow sectors such renewable energy or water, the Cleantech Index includes leading companies from a broad range of sectors such as advanced materials, agriculture, transportation, manufacturing, in addition to energy efficiency, renewables and water. For more information visit: www.cleantechindex.com About Cleantech Group, LLC “Cleantech” Defined |
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