Macquarie and RepuTex to develop carbon equities fund
(17 September 2007 – Australia) Macquarie Bank and RepuTex have signed a Memorandum of Understanding and intend to develop Australia’s first carbon integrated listed equities fund.
The proposed fund will utilise RepuTex’s research in pricing the impact of carbon risk to a company’s bottom line. Ratings have been kept on each S&P/ASX 300 listed company.
Companies best positioned for growth are selected on RepuTex’s Climate Change Growth Index (CCGI).
Ratings are based on a company’s management capacity to leverage exposure to carbon market forces such as physical, regulatory and technological risks.
Macquarie has proposed to exclusively licence and use the index as a key driver for stock selection in this carbon equities fund.
Macquarie executive director Anthony Abraham said climate change has had an impact on company earnings worldwide and that the proposed Emissions Trading Scheme (ETS) in Australia will result in an even greater impact on Australian companies.
Currently, the CCGI consists of 47 Australian companies. A portfolio weighted according to RepuTex’s methodology would have outperformed the S&P/ASX 300 Index by 14.04 percent in total over the three years to 31 August 2007.
Companies best positioned for growth are selected on RepuTex’s Climate Change Growth Index (CCGI).
Ratings are based on a company’s management capacity to leverage exposure to carbon market forces such as physical, regulatory and technological risks.
Macquarie has proposed to exclusively licence and use the index as a key driver for stock selection in this carbon equities fund.
Macquarie executive director Anthony Abraham said climate change has had an impact on company earnings worldwide and that the proposed Emissions Trading Scheme (ETS) in Australia will result in an even greater impact on Australian companies.
Currently, the CCGI consists of 47 Australian companies. A portfolio weighted according to RepuTex’s methodology would have outperformed the S&P/ASX 300 Index by 14.04 percent in total over the three years to 31 August 2007.
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