Market Consultation on Methodology change of the Wilderhill New Energy Global Innovation Index | May 2019
San Diego, 13 May 2019 – WilderHill New Energy Finance has decided to conduct a Market Consultation with regard to several proposals to change the methodology of the WILDERHILL NEW ENERGY GLOBAL INNOVATION INDEX (NEX) (hereinafter referred to as the “Index”). All stakeholders and interested third parties are invited to provide input and feedback to the proposed changes. WilderHill New Energy Finance (WHNEF) welcomes all contributions and thoroughly assesses all responses received.
While WHNEF considers that the integrity and continued comparability of the index is not infringed, it has identified certain proposed changes as material within meaning of NEX Methodology Policy and has hence decided to conduct this Market Consultation. If you would like to share your thoughts with WHNEF, please use the consultation form below and provide us with your personal details and those of your organization.
The following *changes shall be applied.
*Index Methodology first two paragraphs shall be (replacing two paragraphs):
The Index is calculated using a modified equal weighting methodology. At the time of rebalancing components generally are all equally weighted; respective sector weightings are in accordance with number of Index components assigned to each NEX sector, components and sectors adjusted if necessary as determined by the Index Provider and reviewed each quarter.
(Between 2006-2019, sector components were previously divided into two categories, large and small; and sector weights had been based on external surveys of market capitalizations of companies deemed active in new energy).
*Index Tickers for EUR, GBP, and JPY Currencies deleted.
*Contact information directs inquiries to just one address.
*Biographical Information text is deleted that referenced individuals.
More details can be found in the document attached to this consultation. Please respond until 10th of June, 2019.