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NEW YORK, New York, US, January 23, 2006 (Refocus Weekly) A new energy index has been developed to track companies involved in wind, solar, geothermal and hydropower, as well as hydrogen fuel cells and nuclear fusion.
The International Securities Exchange has launched two specialized sector index options to provide investors with exposure to companies involved in renewables, and were developed as a result of growing interest in domestic commercially-viable alternative energy sources, in response to high oil prices, declining global supply and a strong global economy.
The ISE-CCM Alternative Energy Index and the ISE-CCM Nanotechnology Index were developed with Cronus Capital Markets, an independent and privately owned capital market research and consulting firm. The Alternative Energy Index will track alternative energy sources, while the Nanotechnology Index will provide exposure to the technology of building electronic circuits and devices from single atoms and molecules (nanotechnology specifically covers matter size of 1 to 100 nanometers, which is one-billionth of a meter).
"The new ISE-CCM Indexes offer investors an opportunity to gain exposure to the up and coming investment sectors of nanotechnology and alternative energy,” says Bruce Goldberg of ISE. “Our second collaboration with CCM continues our record of innovation in the options market and adds to ISE's portfolio of unique, proprietary sector index options, to provide investors with additional trading strategies for managing their portfolios.”
ISE's uses rules-based methodologies for calculating and maintaining its sector indexes, and makes the rules available for easy use in testing the historic performance of indexes. The Alternative Energy Index includes alternative energy companies such as FuelCell Energy, Hydrogenics, Ballard Power and Plug Power.
“Cronus Capital Markets is pleased to join the International Securities Exchange in launching these innovative new index products in nanotechnology and alternative energy for investors,” says Michael Soni of CCM. “CCM has focused its research on these important sectors for years and recognizes the value of providing investors with innovative tools to diversify their investments and manage their risk exposure.”
ISE claims to be the world's largest equity options exchange, and launched the first fully-electronic U.S. options exchange in 2000. CCM is a financial market research and consulting firm.
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