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KLD Indexes Announces Changes to the
KLD Global Climate 100 Index
BOSTON,
MA - December 05, 2005 - KLD Indexes announced today changes
to the KLD Global Climate 100 Index (GC 100). KLD Indexes
is a division of KLD Research & Analytics, Inc., an independent
investment research firm.
SunPower
Corporation (NASD: SPWR) replaced Cypress Semiconductor
Corp. (NYSE: CY) after the close of trading on November
17, 2005. SunPower was a subsidiary of Cypress Semiconductor
until its initial public offering on that date. The reason
for the change is that SunPower's leadership in renewable
energy had been the primary rationale for including Cypress
on the Index. SunPower manufactures high-efficiency solar
electric panels. With panel efficiencies of up to 18.3
percent, SunPower's products produce up to 50 percent
more power in a given roof area compared to conventional
solar panels, and also reduce per-kW installation costs.
Energy
Conversion Devices, Inc. (NASD: ENER) replaced Biofuels
Corporation plc (LSE: BFC.L) after the close of trading
on November 17, 2005. Biofuels announced a temporary suspension
of trading on that date. Energy Conversion Devices developed
the nickel-metal hybrid battery technology used in hybrid
gasoline-electric vehicles now sold by Toyota and Ford.
The company also develops hydrogen fuel cell technologies
and photovoltaic solar technologies.
Summary of changes
to the KLD Global Climate 100 Index - November 17, 2005
| |
Company |
Theme |
Sector |
Country |
| ADDITIONS |
SunPower
Corp. |
Renewable
Energy |
Technology |
USA |
|
Energy Conversion Devices |
Future
Fuels |
Industrial |
USA |
| REMOVALS |
Cypress
Semiconductor |
Renewable
Energy |
Technology |
USA |
| Biofuels |
Future
Fuels |
Basic
Materials |
UK |
|
For a complete list of
constituents as of December 1, 2005, please visit www.kld.com/benchmarks/gc100.html.
About
the KLD Global Climate 100 Index
Launched on July 1, 2005, the KLD Global
Climate 100SM Index is
a global index designed to promote investment in public
companies whose activities demonstrate the greatest potential
for reducing the current and future environmental impact
of climate change.
The Index includes 100
global companies that are leaders in providing solutions
to climate change. The GC 100 constituents are allocated
into three themes: Renewable Energy, Clean Technology
& Efficiency and Future Fuels.
The Index allocates 1%
to each of the 100 securities in the Index to assure that
large-cap companies do not unduly influence the performance.
This provides higher exposure to small-cap companies and
lower exposure to large-cap companies than a cap-weighted
index. Each quarter, KLD rebalances the Index to bring
each holding back to 1%. Additions made to the Index between
rebalances are given the weight of the removed company
at the time of the change.
About the KLD Family
of Indexes
KLD's family of social, environmental and sustainability
indexes includes: the Domini 400 SocialSM
Index (DS 400 Index), launched in 1990, the established
benchmark for measuring the impact of social screening
on financial performance; the KLD Catholic Values 400SM
Index, launched in 1998, modeled on KLD's DS 400 Index;
the KLD Broad Market SocialSM
Index, launched in 2001, the screened subset of the Russell
3000® Index; the KLD Large Cap SocialSM
Index, launched in 2001, the screened subset of the Russell
1000® Index; the KLD NASDAQ Social Index, launched
in 2002, modeled on the NASDAQ Composite Index; the KLD
Select SocialSM Index,
launched in 2004, the first US index maximizing sustainability
factors; and the KLD Global Climate 100SM
Index, launched in 2005, the first global index focused
on solutions to climate change.
About
KLD Indexes
KLD Indexes, a division of KLD Research & Analytics, constructs
indexes for investors who integrate environmental, social
and governance factors into their investment decisions.
Investors, trustees, and consultants depend on the quality
and integrity of KLD Indexes, which are designed to be
transparent, representative and investable. Today, more
than $10 billion is invested in funds based on KLD's family
of indexes.
For more information about KLD Indexes,
please see our website (www.KLDIndexes.com)
or contact Priya Khetarpal by phone (617.426.5270 x218)
or e-mail (pkhetarpal@kld.com).
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