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NEX Wilderhill New Energy Global Innovation Index

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Realtime Data
Name Symbol Market Type
Wilderhill New Energy Global Innovation Index DOWI:NEX Dow Jones Indices Index
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 0 -

American Stock Exchange Publishes Global Clean Energy Index

06/03/2006 3:06pm

PR Newswire (US)


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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/

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1 Year Wilderhill New Energy Global Innovation Index Chart

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