New York, NY (PRWEB) May 17, 2006 -- The Ardour Global Index (Ticker: AGIGL) of 74 global alternative energy stocks, and its related sub-indexes covering North America (Ticker: AGINA) and Europe (Ticker: AGIEM) commenced real-time price dissemination today. Dow Jones Indexes serves as calculation agent for the indexes (www.ardourglobalindexes.com).
The AGI is the world’s only global alternative energy index. Says Walter Nasdeo, Consulting Analyst to Ardour Global Indexes, “Alternative energy is a truly global business, where technologies, regulations and the impulses driving the sector differ from one country to the next. A global index is the best way to capture the full breadth of opportunity.”
The capitalization weighted, float-adjusted family of indexes incorporates companies engaged in five primary alternative energy sectors: alternative energy resources (incl. wind, solar, ethanol bio-mass and others), distributed generation, environmental controls, energy efficiency and enabling technologies.
The Ardour Global Alternative Energy Indexes were designed to serve as fair, impartial and transparent measures of the performance of the alternative energy industry. So far this year, the AGI has risen over 40%, reflecting surging interest in the sector caused by high energy prices, security concerns and environmental issues, as well as improving company fundamentals.
Says Joseph LaCorte, AGI Index Committee Member, “The transformation of the world’s energy supply from fossil fuels to alternatives and renewables could become the first significant economic driver of the twenty-first century. The AGI is the bellwether for that transformation.”
The Ardour Global Index is also a “pure-play” index and includes only companies principally engaged in the alternative energy business. Says Nasdeo, “The AGI provides a pure indication of industry performance because it includes only ‘pure play’ companies whose sole purpose is alternative energy.” Large cap diversified companies such as General Electric and British Petroleum are excluded from the index because their alternative energy businesses exert relatively insignificant influences on their share price performance. Public utilities and companies engaged in nuclear energy are also excluded.
Ardour Global Indexes is in negotiations with a number of exchanges and investment management firms in the US and Europe to offer and list investment and risk management products on the indexes.
Detailed information, including constituent data, rules and price information, on the AGI family of alternative energy indexes is available at www.ardourglobalindexes.com.
Tickers
Ardour Global Index (Ticker: AGIGL)
Ardour Global Index Extra Liquid (Ticker: AGIXL)
AGI North America (Ticker: AGINA)
AGI North America Extra Liquid (Ticker: AGINAXL)
AGI Europe (Ticker: AGIEM)
AGI Europe Extra Liquid (Ticker: AGIEMXL)
Index Info:
Joseph LaCorte
Ardour Global Indexes, LLC
646-467-7927
www.ardourglobalindexes.com
Walter Nasdeo
Ardour Capital Investments, LLC
212-375-2958
Alternative Energy Info:
Brian Greenstein
Ardour Capital Investments, LLC
212-375-2956
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