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Renewable Generation has shown stong, consistent performance the last two years returning 19.2% in 2006 and 29.0% in 2007.   With low correlation to the broader US market (100 day beta of .328, 500 day beta of .523 against the S&P 500) this sub-sector looks like a good candidate for inclusion in portfolios.  

Recognizing the long term growth in renewable electric generation Camino has expanded its selection criteria to also include companies that supply generation equipment to renewable generators.   This expansion, and growth in the sector, has allowed 19 companies with USD 68.5 billion in market cap to pass all the Camino index screens.  With this number of companies we are now able to use our modified market capitalization methodology for this sector effective January 1, 2008.  Numerical and graphical values represent the spliced result of the previous equal-weight index and the Jan 1 modified market cap methodology.  

This entry was posted by Mark Henwood on January 11, 2008 at 11:03 pm under Indices. Both comments and pings are currently closed.