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The Ardour Global Alternative Energy IndexSM - (Ardour FamiliySM) were designed to serve as fair, impartial and transparent measures of the performance of the Alternative Energy Industry. They embody certain characteristics that distinguish them from other indexes that attempt to cover the same industry. Key defining factors include: - Global. The Ardour Global IndexSM (Composite) - (Ardour CompositeSM) embraces alternative energy companies from around the world and is in fact the only global alternative energy index. As a result, the index reflects the different motivations – the environment, security concerns, oil prices, regulation and taxation – that drive the industry forward in different sovereign jurisdictions. The index also embraces the differing technologies and research initiatives that are taking place around the globe.
- Inclusive. The (Ardour CompositeSM) strives to include all companies over a certain size that are principally engaged in the field of alternative energy.
- Pure Play. The (Ardour CompositeSM) includes only those companies that are principally engaged in the field of alternative energy and excludes those companies in which alternative energy is peripheral to their main business. Pure play companies result in pure performance.
- Rules Based. The (Ardour CompositeSM) depends on a clearly defined rules-based methodology, which is overseen by an impartial Index Committee. Little discretion is exercised in compiling the Indexes and a pre-defined screening protocol assures a consistent, transparent and arms-length compilation process.
- Data Rich. The (Ardour CompositeSM) is supported by extensive data, including the wide dissemination of real time prices, extensive historic data and important information about constituent stocks.
Index values will be disseminated via the Chicago Board of Trade using the following tickers:
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