Australian CleanTech Index grows by four companies, falls behind ASX

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Still well ahead on three-year performance, Australian CleanTech Index fell behind ASX200 in first quarter of FY2019 thanks to poor performance of Sustainable Minerals sub-index.

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Source: Cleantechnica
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Australian CleanTech Index underperformed the ASX200 for the first quarter of FY19. The twelve-month figure has also now fallen behind the ASX200 but the three-year performance has the Australian CleanTech Index over 30 per cent ahead of the ASX200.

As detailed in the table below, over the first quarter of the 2019 fiscal year, the Australian CleanTech Index recorded a loss of 3.2 per cent compared to the 0.2 per cent gains from both the ASX200 and the ASX Small Ordinaries.

Over the last 12 months, the Australian CleanTech Index recorded a gain of 8.6 per cent, behind of the ASX200’s gain of 9.3 per cent and the ASX Small Ordinaries’ gain of 17.1 per cent.

Over the last three years, the Australian Clean Tech Index is over 30 per cent ahead of the ASX200 and over five years this increases to 65 per cent.

Investors following this sector are continuing to make handsome profits from the transition to a low carbon economy

The best and worst performers in terms of share price performance over the quarter are shown in the table below.

The Australian Clean Tech Index underwent its quarterly rebalancing at the end of September which took account of recent share issues and other corporate activity.

Four companies were added to the Index.

 

To provide an analysis of the Australian CleanTech Index, a number of sub-indices have been developed. Over the quarter, the best performing index was the Australian Renewable Energy Index with the Australian Sustainable Minerals Index performing poorly.

Australian CleanTech Sub-Indices

With 94 companies falling under the coverage of the Index and with a combined market capitalisation of over $45.0 billion, the Australian CleanTech Index presents for the only complete picture of the Australian cleantech industry’s growth in a single measure.

The full Annual Index Performance Report can be downloaded from here.

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