Claymore Solar ETF (TAN), based on Melvin Solar Index, has strong launch (April 2008)
Melvin & Company would like to alert our clients to the launch yesterday of the Claymore MAC Global Solar Energy ETF, the world's first solar ETF (ticker symbol TAN)...More…
Announcing MELVIN ACCESSMANAGEMENT (October 2007)
Melvin & Company is pleased to announce an additional research service for our clients. Our MELVIN ACCESSMANAGMENT service gives you the opportunity to meet management and... More…
Melvin Sustainability conference at ESPN Zone in Chicago a great success (August 2007)
On August 20th, Melvin & Company sponsored a very successful evening conference on "Corporate Sustainability and the... More…
Melvin launches MInT international trading platform (March 2007)
Melvin & Company launched its revolutionary international trading platform for institutional investors... More…
MAC Solar Energy Index (Ticker: SUNIDX)
Overview
The MAC Global Solar Energy Index tracks globally-listed investable public companies that specialize in providing solar energy products and services.
Companies in the Index may be involved in (1) solar photovoltaic technology, which involves the conversion of sunlight into electricity through the photovoltaic process, or (2) thermal solar power, which involves using energy from the sun to heat fluids for purposes of water or space heating or to produce electricity.
The Index is calculated on a net total return basis. The Index base is defined as 1000.00 as of the close of business on March 31, 2008. The history of the Index prior to March 31, 2008 is a simulated back-cast with the Index constituents that were in place as of March 31, 2008.
Constituent stocks must meet three main investability screens: (1) a minimum market capitalization of approximately USD 250 million, (2) a minimum monthly trading value of approximately USD 150 million, and (3) a stock listing at specified countries and exchanges. The Index uses a modified market capitalization weighting methodology that at the quarterly Index review imposes a maximum weighting of 20% for any single stock in the Index and a 45% weighting maximum in the aggregate for stocks with a weighting of more than 4.5%.
The Index is reconstituted and rebalanced as necessary on a quarterly basis on the third Friday of the last month of the calendar quarter. The Index seeks to be a pure-play index by giving full weight to “pure-play” solar companies that derive at least two-thirds of their revenue from the solar industry and a reduced weight to “medium-play” solar companies that derive between about one-third and two-thirds of their revenue from the solar industry. The Index excludes companies that derive less than about one-third of their revenue from the solar industry.
The MAC Global Solar Energy Index is calculated and distributed by Dow Jones Indexes and is available via leading quote vendors.
For further information, please go to MACSolarIndex.com or email "info AT macsolarindex DOT com".