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BBVA, CITIC Carbon Plan Equity Index

Spanish bank, Banco Bilbao Vizcaya Argentaria and a unit of China’s CITIC Group, CITIC Carbon Asset Management, are planning to unveil a new equity index.

    Spanish bank,Banco Bilbao Vizcaya Argentaria(BBVA), and a unit of China’sCITIC Group,CITIC Carbon Asset Management, are planning to unveil a new equity index,Reutersreports. The new index will be based on resources-related companies picked by commodities investment analyst,Jim Rogers.

    TheRogers Global Resources Equity Indexwill comprise 200 stocks in five sub-sectors, including agriculture, alternative energy, forestry, energy and metals and mining. BBVA will be the sole product provider.

    Click here for the story fromReuters.

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