NYSE Euronext and Bloomberg New Energy Finance (BNEF) have partnered to launch three regionally focused clean energy stock indices.
The indices will cover three regions: the Americas; Europe, the Middle East and Africa; and Asia and Oceania. These 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 smart energy technologies such as efficiency, storage and smart grid; and another tracking the shares of companies involved in electric-vehicle development.
Each of the three regional indices presently follows a basket of between 125 and 325 companies with a moderate or greater exposure to renewable energy and smart energy technologies. These sectors have seen rapid growth in capital spending – with global new investment in clean energy reaching a record $243 billion in 2010 – but also sharp shifts in market share and geographic profile, NYSE and BNEF note.
The three new regional indices 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 indices are based on BNEF's database of organizations involved in clean energy and related sectors.