LONDON (Reuters) - Banking group HSBC said on Tuesday it has launched a range of structured products offering exposure to two indexes and a fund that contain firms making their profits from fighting global warming. Click: HSBC launches climate-change structured products
The Wall Street Journal: Investors' Appetite Spurs Area's Growth; Relief From Volatility: A surge in investor appetite for environmentally friendly investment funds is leading investment banks to create special indexes and structured products related to the industry.
Along with derivatives linked to weather, banks are creating new stock indexes of companies that tackle or are affected by climate change, creating a new investment sector that isn't correlated to other asset classes. Click: Climate Funds Get Hotter
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