The New Janney Global Water Index Tracks World's Water Industry Stocks
JGI a key indicator of global water infrastructure development.
New York (PRWEB) June 26, 2007 -- The Janney Global Water Index (Ticker: ^JGI) made up of 60 global water industry stocks, and its two related 30 stock sub-indexes, Janney Water Works (Ticker: ^JWW), covering global water utilities, and Janney Water Tech (Ticker: ^JWT), covering water technology and infrastructure stocks commenced real-time price dissemination today. Standard & Poor's Custom Indexes serves as calculation agent for the indexes.
The JGI strives to isolate the most pure-play water stocks in the world by applying stringent inclusion standards. Stocks contained in the index must generate at least 25% of their total revenues from water and activities directly related to water. This compares to other water indexes that apply a 10% hurdle. Says Debra Coy, Consulting Analyst to Janney Global Indexes, "The global water industry is widely viewed as being central to infrastructure development worldwide. The JGI provides investors and other industry observers with what we believe is the most accurate performance benchmark available, because of its relatively high hurdles for inclusion."
The indexes are capitalization weighted, float-adjusted and incorporate companies engaged in two primary water industries: water utilities and water technology & infrastructure.
The Janney Global Water Indexes were designed to serve as fair, impartial and transparent measures of the performance of the $300 billion per year global water industry. So far this year, the JGI has risen 14.9%, reflecting continued interest in the sector caused by growing investor awareness of the large capital expenditures budgeted for the years ahead, including substantial investments in China and India.
Says Joseph LaCorte, JGI Index Committee Member, "Global water infrastructure is in dire need of upgrading, not only in places like China and India, but also right here in the US. Without substantial investment, there simply will not be sufficient supplies of fresh drinking water and water to support agriculture in the years ahead. The JGI is the bellwether index for this development effort."
The Janney Global Index is a global index that includes companies from 17 different countries. Says Coy, "Water infrastructure development and upgrading are global requirements and without a global benchmark, the evolution of the industry cannot be judged accurately."
Based upon back-test data provided by Standard & Poor's, the JGI has performed well over the past five years, rising from a value of 2000 in June 2002 to 5284 on June 18, 2007, an increase of 168%. The index has a total market capitalization of $185 billion.
J-Net Global Indexes is in discussions 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.
Detailed information, including constituent data, rules and price information, on the JGI family of water indexes is available at www.janneywaterindexes.com.
Index -- Ticker
Janney Global Water Index -- JGI
Janney Water Works (Utilities -- JWW
Janney Water Tech -- JWT
Janney Global Water Index (euro) -- JGIE
Janney Water Works (euro) -- JWWE
Janney Water Tech (euro) -- JWTE
Index Info:
Joseph LaCorte
J-Net Global Indexes, LLC
646-467-7927
www.janneywaterindexes.com
Water Industry Info:
Debra Coy
Janney Montgomery Scott, LLC
202-955-4315
###
Post Comment:
Trackback URL: http://www.prweb.com/pingpr.php/TWFnbi1Qcm9mLUZhbHUtQ291cC1UaGlyLVplcm8=
Bookmark -
Del.icio.us |
Furl It |
Technorati |
Ask |
MyWeb |
Propeller |
Live Bookmarks |
Newsvine |
TailRank |
Reddit |
Slashdot |
Digg |
Stumbleupon |
Google Bookmarks |
Sphere |
Blink It |
Spurl
|
