Ten New Alternative Energy Stocks Added, Three Stocks Deleted from Ardour Global Index in Quarterly Rebalancing
Two New Stocks in AGI Extra Liquid
New York, NY (PRWEB) March 18, 2008 -- The Ardour Global Index (TICKER: AGIGL) will add ten new components, effective 6:00 PM (EST) Sunday, March 23. Three stocks will be deleted from the index, raising the number of index components to 118. The changes result from the index’s quarterly rebalancing. Many of the new components qualified for the index based on share price appreciation or Initial Public Offerings, which allowed them to pass tests for minimum market capitalization. A complete list of constituents and weights will be posted on the Ardour web site, (www.ardourglobalindexes.com/indexes_agi.php).
The Ardour Global Index is a capitalization-weighted, float adjusted index of 118 of the most prominent alternative energy stocks in the world. Nine of the ten additions are listed in the Americas and one in Europe.
To be included in the AGIGL index stocks must pass multiple screens, including for capitalization, float, exchange listing, share price and turnover.
The AGI Extra Liquid Index (TICKER: AGIXL), which contains a fixed number of 30 stocks, had two additions against two deletions. Methanex Corp. and Byd Co. Ltd. replace Headwaters Inc. and Kemet Corp. to maintain the fixed 30 component index.
Detailed information, including constituent data, rules and price information, on the AGI family of alternative energy indexes is available at www.ardourglobalindexes.com. Data is also available through most vendors of financial data.
Index / Ticker
Ardour Global Index / AGIGL
Ardour Global Index Extra Liquid / AGIXL
Index Info:
Walter Nasdeo
Ardour Capital Investments, LLC
212-375-2958
Joseph LaCorte
Ardour Global Indexes, LLC
646-467-7927
www.ardourglobalindexes.com
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