Nov. 14, 2007 HSBC has launched a range of new products linked to its newly created Global Climate Change 100 Index and GIF Climate Change Fund, Reuters reports.

HSBC's climate index, launched in September, is designed to help investors track the stock market performance of 300 companies poised to profit from the challenges presented by climate change.

The new products, aimed at institutional investors, include tracker notes offering direct exposure to HSBC's climate index and fund, as well as "leveraged notes, principal protected notes, and constant proportion portfolio insurance, which offers a guaranteed return and ongoing portfolio rebalancing," according to the article.

A number of major investment firms have launched climate-related indices in recent months, including Merrill Lynch and JPMorgan.