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6 cleantech indices to juice your portfolio by Amy Westervelt - 5.5.08
Ready to put your money where your mouth is? Jump into the investment market with cleantech index–derived mutual funds and ETFs.
Ardour Global Alternative Energy Index Developer: Ardour Global Indexes (Ardour Capital Investments and SNetwork Energy Technologies LLC) Environmental criteria: More than 50% of gross revenues derived from: renewable power sources, distributed generation, energy efficiency, enabling technologies (batteries, advanced materials, ultracapacitors, etc.), or other “environmental technologies” (including water treatment, “clean” coal, waste management) Market criteria:
- Listed on AMEX, Nasdaq or NYSE
- Minimum market cap of $100 million
- Average daily closing price greater than $1
Historical performance: Outperformed S&P Global 100 by 13% on year to date returns U.S. tradeable products: Van Eck Market Vectors- Global Alternative Energy ETF (NYSE: GEX)
Clean Edge U.S. Index Clean Edge U.S. Liquid Series Index Developer: Clean Edge and Nasdaq Environmental criteria: Technology manufacturers, developers, distributors, and/or installers in: advanced materials; energy intelligence; energy storage and conversion; renewable electricity generation and renewable fuels. Demonstrated ability to capture the growth potential of the clean-energy sector Market criteria:
- Listed on AMEX, Nasdaq or NYSE
- Minimum market cap of $150 million
- Minimum closing price of $1.00
- Average daily trading volume of at least 100- thousand shares year-to-date
Historical performance: Outperformed S&P 500, the Dow Jones Industrial Average and the Nasdaq Composite Index by an average of 17.5% over the last five years U.S. tradable products: First Trust Nasdaq Clean Edge U.S. Liquid Series Index Fund (Nasdaq: QCLN)
CTIUS Developer: Cleantech Indices, LLC (Cleantech Network) Environmental criteria: 50% of either sales or operating profits from cleantech businesses, defined as those that provide superior performance at lower costs, greatly reduce or eliminate negative ecological or public health impact, and improve the productive and responsible use of natural resources. Market criteria:
- Listed on AMEX, Nasdaq or NYSE
- Floated market capitalization of at least $150 million
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