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Top >  Business >  2006 >  May >  2006-05-18

Help Tracking Alternative Energy Stocks


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.? 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.

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.

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.? 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.

                                 

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