Tuesday, August 16, 2011

Are there any ASX indexes for renewable energy?

What does Wikipedia say?

YES!

But it's a qualified yes. It just gives one:

run by Bakers Investment Group, who also run a Coal industry index, what?
since 2006
118 Companies
$47B
compared against ASX300

A bit of web surfing and I also come up with:

since 2007
75 companies
$11B
ASX200 + ASX Small ords.

Seems OK, they post a monthly report and have annual charts. Looks like it's a good time to invest - from a peak of around 140 in 2007, the index is now sitting around 50, lower even than during 2008-09 (PDF)

also the Ethical Investor magazine has it's own index

Ethinvest Environmental Share Price index.
since 1996
40 companies.

Sadly this one requires membership and doesn't make it clear what or how the index is created. It's from an interesting web site / magazine, which you might be interested in if you are reading this : Ethical Investor

How hard can it be? Online tools seem pretty good these days, maybe I can make my own. Greg's green-tech index. Let's have a go... if only to learn a bit more about the sharemarket and green companies.






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