WaterFilter.com |
Stop Parking Domain Names Powered by WhyPark.com |
|||||
The New Janney Global Water Index Tracks World's Water Industry Stocks
New York (PRWEB) June 26, 2007 -- The Janney Global Water Index (Ticker: ^JGI) made up of 60 global water industry stocks, and its two related 30 stock sub-indexes, Janney Water Works (Ticker: ^JWW), covering global water utilities, and Janney Water Tech (Ticker: ^JWT), covering water technology and infrastructure stocks commenced real-time price dissemination today. Standard & Poor's Custom Indexes serves as calculation agent for the indexes.
The JGI strives to isolate the most pure-play water stocks in the world by applying stringent inclusion standards. Stocks contained in the index must generate at least 25% of their total revenues from water and activities directly related to water. This compares to other water indexes that apply a 10% hurdle. Says Debra Coy, Consulting Analyst to Janney Global Indexes, "The global water industry is widely viewed as being central to infrastructure development worldwide. The JGI provides investors and other industry observers with what we believe is the most accurate performance benchmark available, because of its relatively high hurdles for inclusion."
The indexes are capitalization weighted, float-adjusted and incorporate companies engaged in two primary water industries: water utilities and water technology & infrastructure.
The Janney Global Water Indexes were designed to serve as fair, impartial and transparent measures of the performance of the $300 billion per year global water industry. So far this year, the JGI has risen 14.9%, reflecting continued interest in the sector caused by growing investor awareness of the large capital expenditures budgeted for the years ahead, including substantial investments in China and India.
Says Joseph LaCorte, JGI Index Committee Member, "Global water infrastructure is in dire need of upgrading, not only in places like China and India, but also right here in the US. Without substantial investment, there simply will not be sufficient supplies of fresh drinking water and water to support agriculture in the years ahead. The JGI is the bellwether index for this development effort."
The Janney Global Index is a global index that includes companies from 17 different countries. Says Coy, "Water infrastructure development and upgrading are global requirements and without a global benchmark, the evolution of the industry cannot be judged accurately."
Based upon back-test data provided by Standard & Poor's, the JGI has performed well over the past five years, rising from a value of 2000 in June 2002 to 5284 on June 18, 2007, an increase of 168%. The index has a total market capitalization of $185 billion.
J-Net Global Indexes is in discussions with a number of exchanges and investment management firms in the US and Europe to offer and list investment and risk management products on the indexes.
Detailed information, including constituent data, rules and price information, on the JGI family of water indexes is available at www.janneywaterindexes.com.
Index -- Ticker Janney Global Water Index -- JGI Janney Water Works (Utilities -- JWW Janney Water Tech -- JWT Janney Global Water Index (euro) -- JGIE Janney Water Works (euro) -- JWWE Janney Water Tech (euro) -- JWTE
Index Info: Joseph LaCorte J-Net Global Indexes, LLC 646-467-7927
Water Industry Info: Debra Coy Janney Montgomery Scott, LLC 202-955-4315
###
This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice.
|
This Site Is For Sale
MORE ARTICLES: AffordableLED.com's Coffee LED Signs Get Noticed in Recent SCAA Conference LED Signs wholesaler and manufacturer AffordableLED (http://www.affordableled.com/?utm_source=PRW&utm_medium=Press+Release&utm_campaign=Coffee+LED+Signs) graces the recently held 2008 Specialty Coffee Association of America Conference and Exhibition and showcased their creatively crafted coffee LED Signs to the coffee-loving public.
Choosing The Best Carbon Water Filters For The Home
Diet Sodas & Losing Weight: Is Diet Coke Good Or Dangerous For Healthy Weight Loss?
Party Cooking And Entertaining
A Home Water Filter Will Remove Harmful Bacteria And Chemicals That Can Harm Our Kidneys
Aquascape, Inc. Introduces Decorative Water Features Line for 2008
Industrial Air Filters: The Different Types
Rad Upload 3.1, A Drop in Replacement for HTML Forms Released
Get Federal Tax Credit on Tankless Water Heaters Now Through December 31, 2007
Clean Your House Green for your Children's Sake
Do You Have A Healthy Brain? The Secret to Mental Agility
The Growth In The Organic And Healthy Food Market
Sound Water Solutions Offers Products, Opinions on New Blog
Staying Young & Healthy
Lets Keep It Clean
|
|||||
| Powered by WhyPark.com | Site Map | Home | ||||||