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Russell, RepuTex to Collaborate on Environmental Index Products |
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| 2010/6/17 |
Russell Investments and RepuTex, a research and advisory firm providing risk analytics for global carbon markets, have signed an agreement to launch a new global series of environmental benchmark indexes, screened for companies that are managing financial risk in a carbon-constrained environment.
The agreement calls for RepuTex to employ its proprietary research methodologies to screen the approximately 2,500 stocks in the Russell Global Developed Large Cap Index according to the level of carbon emissions and resultant carbon risk. The screening analysis also will include identification of stocks engaged in clean technology and alternative energy activities.
The new series of global indexes will represent the comprehensive developed, large cap opportunity set and segments within it such as sector and industry.
Rolf Agather, managing director for index research and innovation at Russell, said, "This series will adhere to our rules-based, objective construction process and simultaneously provide investors with a concern for climate change the ability to track market segments with that issue in mind. RepuTex has a cutting-edge reputation for leading innovation in terms of carbon and sustainability issues, and we are very pleased to be collaborating with them on this initiative.”
Agather added that the new series is expected to launch in the fourth quarter of 2010.
Hugh Grossman, Executive Director of RepuTex, said: “Russell Indexes are widely used by investors and fund managers alike. Their methodology is a good fit for the high expectations we have for benchmarks that screen for carbon emissions as well as growth industries such as clean technology and alternative energy. We aim through this agreement to provide indexes on which investable products may be developed that are designed to meet the needs of investors worldwide who are considering risks and opportunities within a carbon-constrained environment.”
About Russell
Russell Investments is a global investment company with $179 billion in assets under management as of March 31, 2009. Russell serves individual, institutional and advisor clients in more than 40 countries and provides investment solutions including mutual funds, retirement investments, institutional asset management, implementation services and global stock market indexes. Russell is world-renowned for its depth of manager research, quality of manager selection and access to some of the world's leading investment managers. It helps investors of all sizes put this access to work in corporate defined benefit and defined contribution plans, and in the life savings of individual investors.
Russell launched its family of indexes in 1984 to more accurately measure U.S. market segments and better track investment manager behavior for its investment management and consulting businesses. The innovative index design includes float-adjusted market capitalization, annual reconstitution, multifactor style analysis as well as objective and transparent rules. Russell Indexes currently account for more than $3.9 trillion is benchmarked assets.
About RepuTex
RepuTex is the foremost provider of carbon, climate and sustainability risk analytics, specializing in risk information services for companies and investment professionals globally. RepuTex data and analytics are applied into recognizable risk benchmarks, indexes and advisory services for clients in over 30 markets globally. Established in Melbourne, Australia in 1999, the company is headquartered in Hong Kong, with research functions in Hong Kong, Melbourne and Mainland China.
Russell Investments is a Washington, USA corporation, which operates through subsidiaries worldwide.
Russell Investment Group is a subsidiary of The Northwestern Mutual Life Insurance Company.
Nothing contained in this material is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.
This is not an offer, solicitation or recommendation to purchase any security or the services of any organization.
News Source: Business Wire
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| Contacts |
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Contact : Steve Claiborne
Company : Russell Investments
Country : United States
Telephone : 253-439-1858
Email : newsroom@russell.com
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