The Abrams Clean Tech Report

 

First Trust Advisors Signs License Agreement with NASDAQ & Clean Edge to Introduce Clean Edge US Liquid Series Index Fund 1/07

Tuesday, December 19th, 2006

SocialFunds.com — Following in the footsteps of the three existing exchange traded funds (ETFs) that track indexes comprised of companies fueling the shift to cleaner energy, the first ETF based on the NASDAQ Clean Edge US Index series is set to launch early next year. First Trust Advisors has signed a licensing agreement with NASDAQ and Clean Edge to introduce the First Trust NASDAQ Clean Edge US Liquid Series Index Fund in January 2007.

“As the world’s economy shifts away from fossil fuel dependency towards efficient, renewable energy sources, investment opportunities are being created daily in this new industry,” said John Jacobs, executive vice president of NASDAQ. “This index, and the ETF based on it, will provide the tools needed to capture the investment opportunities created by this economic shift.”

The 45 companies currently comprising the NASDAQ Clean Edge US Index (ticker: CLEN), which was launched in May 2006, fall into five sub-categories. These categories include renewable electricity generation (such as solar photovoltaics), renewable fuels (such as biodiesel or ethanol), energy storage and conversion (such as hydrogen fuel cells), energy intelligence (such as smart grids), and advanced materials (such as nanotech.)

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