NASDAQ Clean Edge Index for Renewable Energy Investing

The Nasdaq Stock Market, Inc. and Clean Edge, Inc. announced that First Trust Advisors L.P. has licensed the NASDAQ Clean Edge U.S. Liquid Series Index, for clean-energy investors, in order to launch a new exchange traded fund (ETF).

The First Trust NASDAQ Clean Edge U.S. Liquid Series Index Fund will begin trading in January 2007. The ETF, which is a financial product that trades like shares of stock and can be bought and sold throughout the trading day, will be managed by First Trust Advisors L.P. and listed on NASDAQ. “The NASDAQ Clean Edge U.S. index provides a benchmark for investors interested in participating in a range of technology innovations, from advanced batteries and biofuels to solar power and energy efficiency,” adds Ron Pernick, Co-Founder and Principal of Clean Edge, Inc. The NASDAQ Clean Edge U.S. Liquid Series Fund is designed to correspond to the price and yield performance of the index upon which it is based. The NASDAQ Clean Edge U.S. Liquid Series Index (Nasdaq:CELS), developed jointly by NASDAQ and Clean Edge, is designed to track the performance of clean-energy companies that are publicly traded in the U.S. It includes companies engaged in the manufacturing, development, distribution and installation of emerging clean-energy technologies such as solar photovoltaics, biofuels and advanced batteries, and covers Renewable Fuels and Electricity Generation, Energy Storage & Conversion, Energy Intelligence, and Advanced Energy-Related Materials.
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