American Stock Exchange Publishes Global Clean Energy Index
March 06 2006 - 10:06AM
PR Newswire (US)
NEW YORK, March 6 /PRNewswire/ -- The American Stock Exchange(R)
(Amex (R)) announced today that it has commenced publishing the
WilderHill New Energy Global Innovation Index (ticker symbol: NEX).
The new index is comprised of companies worldwide whose
technologies and services focus on the generation and use of
renewable energy, conservation and efficiency, and advancement of
low-carbon energy solutions. The index was created by, and is a
trademark of WilderHill New Energy Finance, LLC, which is a joint
venture between Rob Wilder of WilderShares LLC, Josh Landess of
Tucson, Arizona, and New Energy Finance Limited of London. Dr.
Robert Wilder, whose WilderShares LLC publishes the WilderHill
Clean Energy Index of US-based clean energy stocks (ticker symbol:
ECO), said, "This new index represents the global nature of
alternative energy and conservation technologies that are swiftly
emerging around the world. We're proud to partner with New Energy
Finance on the world's first live index of companies providing
solutions most relevant to climate change." Michael Liebreich,
Founder and CEO of London-based New Energy Finance, said, "We think
that the launch of the NEX marks the coming of age of an important
industry. In 2005, our analysis shows that renewable and low carbon
energy accounted for around 7% of global energy investment. This
proportion is growing rapidly, and the NEX is going to track the
performance of those companies most likely to benefit." The
WilderHill New Energy Global Innovation Index (NEX) is a modified
dollar-weighted index. It consists of companies whose lower-carbon
approaches are relevant to climate change, and whose technologies
help reduce emissions relative to traditional fossil fuels. The
index consists of companies with businesses in wind, solar,
biomass, biofuels, small-scale hydro, geothermal, marine and other
renewable energy businesses, as well as power storage and
distribution, fuel cells, hydrogen, end-use efficiency and
supporting services. The majority of index constituents are listed
on exchanges outside the United States, and the index rebalances on
the last trading day of each March, June, September and December.
The index divisor was initially determined to yield a benchmark
value of 100.00 at the close of trading December 30, 2002. Cliff
Weber, Senior Vice President of the Amex ETF Marketplace, said,
"The American Stock Exchange is pleased to be collaborating with
Robert Wilder and his partners in the development and publishing of
this new global innovative energy index. We look forward to listing
an exchange traded fund and other products based on this important
new index in the future." Josh Landess, an experienced clean energy
equity researcher who played a leading role in the design of the
new index said, "Our team of international researchers, working
closely with representatives of the American Stock Exchange, has
worked hard to identify and qualify relevant companies around the
world. The NEX contains participants quoted on no fewer than 18
different markets." About The American Stock Exchange The Amex is
the only primary exchange that offers trading across a full range
of equities, options, exchange traded funds (ETFs and structured
products, including HOLDRS(SM). In addition to its role as a
national equities market, the Amex is the pioneer of the ETF,
responsible for bringing the first domestic product to market in
1993. Leading the industry in ETF listings, the Amex currently
lists 154 ETFs and HOLDRS. The Amex also lists and trades various
options contracts, including, options on ETFs, broad-based and
sector indexes and domestic and foreign stocks. About WilderHill
New Energy Finance, LLC WilderHill New Energy Finance, LLC, is a
joint venture between Robert Wilder, CEO and Founder of
WilderShares, LLC, Josh Landess, and New Energy Finance Limited.
WilderShares, LLC is a California based green energy research and
consulting company, which developed the WilderHill Clean Energy
Index (Symbol: ECO). New Energy Finance is a London based provider
of financial information and research to investors in clean energy.
DATASOURCE: American Stock Exchange CONTACT: Renee E. Rossi,
American Stock Exchange, +1-212-306-8964, Web site:
http://www.amex.com/
Copyright