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BGREEN - BettaBeta CIS - SA`s First Green ETF sees increases in constituents

Release Date: 09/12/2011 16:06
Code(s): JSE BGREEN
Wrap Text

BGREEN - BettaBeta CIS - SA`s First Green ETF sees increases in constituents in line with 2011 CDP Report BettaBeta CIS ("Be Green") (a portfolio under the BettaBeta Collective Investment Scheme ("BettaBeta CIS") registered in terms of the Collective Investment Schemes Control Act, 45 of 2002 ("CISCA")) Share Code: BGREEN Abbreviated Name: Be Green ISIN: ZAE000162277 SA`s First Green ETF sees increases in constituents in line with 2011 CDP Report Nedbank`s Be Green Exchange Traded Fund ("ETF") increases in constituents from 33 to 43 companies as South African companies improve on disclosure and performance regarding climate change issues. The Nedbank Be Green ETF is based on the Nedbank Green Index which was launched in July as a benchmark for environmentally-conscious investors and a means of measuring the performance of companies with environmentally sustainable business practices. The Nedbank Green Index is the first of its kind in South Africa. It is a rules-based index that is based on the data provided by the Carbon Disclosure Project (CDP) and the United Nations` register of Clean Development Mechanism (CDM) projects in South Africa. On the 6th December 2011, the CDP unveiled the South African report for 2011 which evaluates the responses of the top 100 South African companies to the challenges presented by climate change. According to the CDP, South Africa had the second highest response rate at 83%, after the European Union. Nedbank is excited by the high response rate as it shows how seriously the South African business community takes climate change. The improvements in the South African results are demonstrated by the increase of constituents in the Nedbank Green Index from the current 33 to 43 companies. Based on analysis of the data, Nedbank will be re-balancing the Nedbank Green Index, with changes effective on Monday the 19th of December 2011. The Nedbank Be Green ETF which tracks the Green Index will be re-balanced accordingly. Importantly, apart from having sufficient green credentials, the companies that populate the Nedbank Be Green ETF also have to have sufficient levels of liquidity to enable Nedbank to make a market and stimulate the buying and selling of units. The top holdings of the Nedbank Be Green ETF will include Goldfields, British American Tobacco, Exxaro Resources, Nedbank, Pick `n Pay, Remgro and Woolworths. These companies serve as examples in their respective industries as to how they effectively embrace opportunities in the Green Economy along JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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