NYSE Euronext and Bloomberg New Energy Finance Partner on Launch of Family of Clean Energy Indices
Indices for Americas, Europe/Middle East/Africa and Asia/Oceania, and then for sub-sectors such as solar and wind, will offer fresh insight for investors and ETF providers
Today, NYSE Euronext in partnership with research company Bloomberg New Energy Finance will launch three regionally-focused clean energy stock indices, enabling the quoted companies most active in the world's historic shift to low-carbon energy to be tracked in unprecedented detail.
The indices, covering respectively the Americas, the Europe, Middle East and Africa region, and Asia and Oceania, are the first of a new family of clean energy indices that the partners will start publishing over the next few months. The next ones to emerge will be an index tracking shares of solar power companies; another tracking wind company stocks; one tracking equities of companies specializing in energy-smart technologies such as efficiency, storage and smart grid; and another tracking the shares of companies involved in electric vehicle development.
The three regional indices being launched today each presently follow a basket of between 125 and 325 companies with a moderate, or greater, exposure to renewable energy and energy-smart technologies. These sectors have seen rapid growth in capital spending - with global new investment in clean energy reaching a record $243bn in 20101 - but also sharp shifts in market share and geographical profile. Even before launch, the three new indices cast intriguing light on the evolution of the sector. Following the boom in wind farm development in China, that country's export success in solar panels and other Asian countries' progress with battery technology, there are approximately as many equities that qualify for the ASOC regional index as there are in the EMEA and Americas regional indices combined.
“The new indices provide a solid foundation for tracking the regional exposures by domicile for clean energy initiatives while accurately weighting each company’s economic exposure to their respective sector,” said George Patterson, managing director European indices at NYSE Euronext Global Index Group, “NYSE Euronext is pleased to collaborate again with Bloomberg New Energy Finance in providing innovative products to the marketplace.”
Michael Liebreich, chief executive of Bloomberg New Energy Finance, commented: "There are several clean energy equity indices already available to investors - including the NEX2 index we helped launch in 2006 - and they have done a good job in informing the market about the overall trends. However there is a need for more detail, particularly about the differing growth prospects for clean energy companies in regions of the world. Asia for instance has taken over as the most dynamic area for clean energy investment, while the Americas are playing host to entrepreneurial effort in first- and second-generation biofuels and a take-off in wind development in Latin America."
Bloomberg New Energy Finance decided to partner with NYSE Euronext, to benefit from the latter's experience in indices and exchange-traded funds. NYSE Euronext has been involved in developing and calculating clean energy equity index products for the better part of a decade. Liebreich said: “By working with NYSE Euronext, we ensure that our family of indices will generally be tradable and innovative, and serve as extraordinary research tools."
Additional information:
The three NYSE-BNEF regional indices being launched today will be known officially as NYSE-BNEF Asia Oceania Clean Energy Index (ticker NBASCEUP); NYSE-BNEF Europe, Middle East and Africa Clean Energy Index (ticker NBEACEUP); and NYSE-BNEF Americas Clean Energy Index (ticker NBAMCEUP).
The new indices are based on Bloomberg New Energy Finance's database of organizations involved in clean energy and related sectors. This database has unique depth, incorporating the clean energy exposure of each company, ongoing expert analysis of sector definitions and boundaries, constancy of data upkeep and a true global approach to tracking all equities regardless of which exchange they are on. Bloomberg New Energy Finance analysts are presently tracking well over 1,000 non-OTC quoted organizations with a moderate (10% or greater) percentage of their activity in clean energy.
The table below shows that in the first 10 months of 2011, the performances of the three new indices varied widely, with the Asia-Oceania index down 33%, while the Americas and EMEA indices were 17% and 14% down. Figure 1 shows that despite recent falls, all three indices remain above their lows of late 2008 and 2009.
Table 1: USD price returns (%) for the three new indices, and two comparators
| Name of Index | Ticker | 31 Dec 2010-31 | 30 Dec 2005-31 | ||||||
| October 2011 | October 2011 | ||||||||
| NYSE-BNEF Americas Clean Energy | NBAMCEUP |
-17.05% |
-6.70% | ||||||
| Index | |||||||||
| NYSE-BNEF Asia-Oceania Clean Energy | NBASCEUP | -33.01% | -9.38% | ||||||
| Index | |||||||||
| NYSE-BNEF Europe, Middle East | NBEUCEUP | -13.85% | 0.41% | ||||||
| and Africa Clean Energy Index | |||||||||
ABOUT NYSE EURONEXT
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets – the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca – represent one-third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index, and is the only exchange operator in the Fortune 500. For more information, please visit: http://www.nyx.com .
ABOUT BLOOMBERG NEW ENERGY FINANCE
Bloomberg New Energy Finance (BNEF) is the world’s leading independent provider of news, data, research and analysis to decision makers in renewable energy, energy smart technologies, carbon markets, carbon capture and storage, and nuclear power. Bloomberg New Energy Finance has staff of 200, based in London, Washington D.C., New York, Tokyo, Beijing, New Delhi, Singapore, Hong Kong, Sydney, Cape Town, São Paulo and Zurich.
Bloomberg New Energy Finance serves leading investors, corporates and governments around the world. Its Insight Services provide deep market analysis on wind, solar, bioenergy, geothermal, carbon capture and storage, smart grid, energy efficiency, and nuclear power. The group also offers Insight Services for each of the major emerging carbon markets: European, Global Kyoto, Australia, and the U.S., where it covers the planned regional markets as well as potential federal initiatives and the voluntary carbon market. Bloomberg New Energy Finance’s Industry Intelligence Service provides access to the world’s most reliable and comprehensive database of investors and investments in clean energy and carbon. The News and Briefing Service is the leading global news service focusing on clean energy investment. The group also undertakes applied research on behalf of clients and runs senior level networking events.
New Energy Finance Limited was acquired by Bloomberg L.P. in December 2009, and its services and products are now owned and distributed by Bloomberg Finance L.P., except that Bloomberg L.P. and its subsidiaries (BLP) distribute these products in Argentina, Bermuda, China, India, Japan, and Korea. For more information on Bloomberg New Energy Finance: http://www.bnef.com .
ABOUT BLOOMBERG
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength—delivering data, news and analytics through innovative technology, quickly and accurately—is at the core of the Bloomberg Professional service, which provides real time financial information to more than 300,000 subscribers globally. Bloomberg’s enterprise solutions build on the company’s core strength, leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. Through Bloomberg Law, Bloomberg Government and Bloomberg New Energy Finance, the company provides data, news and analytics to decision makers in industries beyond finance. And Bloomberg News, delivered through the Bloomberg Professional service, television, radio, mobile, the Internet and two magazines, Bloomberg Businessweek and Bloomberg Markets, covers the world with more than 2,300 news and multimedia professionals at 146 bureaus in 72 countries. Headquartered in New York, Bloomberg employs more than 13,000 people in 185 locations around the world.
| 1 | Based on Bloomberg New Energy Finance's authoritative data | |
| 2 | WilderHill New Energy Global Innovation Index, published by WilderHill New Energy Finance, a partnership between Bloomberg New Energy Finance, Josh Landess and Robert Wilder | |
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