Alternative energy indexes
What are alternative energy indexes?
These are global stock indexes which summarise the achievements of the 30 biggest companies in the renewable energy industry. The potential for this sector is growing due to the ongoing awareness and interest in global warming and the decrease in oil reserves.
Where have you heard about alternative energy indexes?
There has been an increased amount of interest due to alternative energy being more attractive to consumers. The decrease in oil reserves along with the increase in oil prices is making this sector very popular with investors.
What you need to know about alternative energy indexes.
To be included in the alternative energy indexes, companies must gain at least 50 percent of their earnings in the renewable energy industry. This will include, amongst others, solar power, wind, biomass and geothermal energy. Examples of alternative energy indexes are RENIXX World, ALTEXGlobal, Merrill Lynch Renewable Energy Index and Credit Suisse Global Alternative Energy Index – however none of these were in the top five for Alternative Energies ETFs for 2017.
Find out more about alternative energy indexes.
To understand more about alternative energy indexes, read about stock indexes.