Frankfurt (22 February 2021) – MV Index Solutions GmbH (MVIS®) today announced the launch of the MVISLow Carbon Energy Index (ticker: MVSMOG). The modified market cap-weightedindex tracks the performance of the largest and most liquid companies in thelow carbon energy segment.
The MVIS Low Carbon Energy Index (ticker: MVSMOG) provides exposure to companiesthat derive 50% of revenue, operating activity, or energy generation capacityfrom renewable sources of energy, the development of related technologies, orsustainable building products that reduce energy consumption. Renewable sourcesof energy include: wind, solar, geothermal, hydro, hydrogen, waste, andbiofuels. In addition, the index may include companies that derive 50% ofrevenue or operating activity from electric vehicles and related technologies,air purification, smart grid, fuel cells and/or lithium-ion or other advancedbattery technologies.
“Our new Global Low Carbon Energy further expands our existing range ofenvironmentally friendly index concepts such as the MVIS Global HydrogenEconomy Index, the BlueStar Solar Energy Industry Index and the BlueStar GlobalGreenTech Index. The new index provides investors with wider choices between anarrow hydrogen/solar exposure and the broader GreenTech index,” said Thomas Kettner,COO at MV Index Solutions.
The MVISLow Carbon Energy Index (ticker: MVSMOG) is weighted by free float marketcapitalisation and is calculated in USD as a price and a total return netindex. The MVIS Global Low Carbon Energy Index (MVSMOG) covers at least 95% ofthe investable universe. The index is reviewed on a quarterly basis. Detailedinformation about the indices, including methodology details and index data areavailable on the MV Index Solutions website.
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