Returns for sustainable energy have been very negative this year and trailed broader markets. LED and Lighting has declined 61.7% since 4/1/08, Biofuels declined 74.9% YTD, and Fuel Cells have declined 70.3% YTD. For complete return information please visit our returns page. These declines have impacted the indices as described below.
Effective October 20, 2008 the LED and Lighting, Fuel Cell, and Biofuels equal weight indices have been updated. Due the the significant changes in market values described above, Camino has revised its thresholds for market capitalization for these indices. Until further notice the minimum market capitalizaiton to be included in an equal weight index is USD 50 million. With this rule modification the changes to the indices were:
- FCELL removed Ceramic Fuel Cells LTD (CFU.L) and added SFC Smart Fuel Cell AG (F3C.DE),
- LIGHT removed Arima Optoelectronics Corporation (6289.TW), and
- BIOFUEL removed Biopetrol Industries AG (B2I.DE), MGP Ingredients, Inc. (MGPI), Brasil Ecodiesel (ECOD3.SA), Schmack Biogas AG (SB1.DE), and BioFuel Energy Corp. (BIOF) and added Verenium Corporation (VRNM).
Companies were generally removed from the indices due to their market capitlization falling below USD 50 million.