ETF Trends
04-22-2008, 08:20 AM
ETF Trends - Keeping a Grip on Exchange Traded Funds (ETFs)
http://www.etftrends.com/images/2008/04/21/sunsetwithsunraysshiningoverurbanro.jpg (http://etftrends.typepad.com/photos/uncategorized/2008/04/21/sunsetwithsunraysshiningoverurbanro.jpg) Solar is hot, literally: a new exchange traded fund (ETF) launches this morning, just a week after the first solar ETF hit the markets.
Market Vectors Solar Energy (KWT) joins the Claymore/MAC Global Solar Energy Index (TAN (http://finance.yahoo.com/q?s=tan)) as the only two pure plays on the fast-growing sector.
KWT is based on the Ardour Solar Energy Index (SOLRX), which has worldwide exposure to 26 companies that derive at least 66% of their revenues from solar energy. The fund comes with an expense ratio of 0.65%. The fund is most heavily weighted in Germany, with 36.7% of its assets allocated there. China is second, with 24.3% of assets.
TAN has 25 components, with 25% of them based in the United States. The fund also has an expense ratio of 0.65%.
Solar energy accounts for less than 1% of global electricity, so the sector has plenty of room for growth.
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/275392470/is-it-hot-in-he.html)
http://www.etftrends.com/images/2008/04/21/sunsetwithsunraysshiningoverurbanro.jpg (http://etftrends.typepad.com/photos/uncategorized/2008/04/21/sunsetwithsunraysshiningoverurbanro.jpg) Solar is hot, literally: a new exchange traded fund (ETF) launches this morning, just a week after the first solar ETF hit the markets.
Market Vectors Solar Energy (KWT) joins the Claymore/MAC Global Solar Energy Index (TAN (http://finance.yahoo.com/q?s=tan)) as the only two pure plays on the fast-growing sector.
KWT is based on the Ardour Solar Energy Index (SOLRX), which has worldwide exposure to 26 companies that derive at least 66% of their revenues from solar energy. The fund comes with an expense ratio of 0.65%. The fund is most heavily weighted in Germany, with 36.7% of its assets allocated there. China is second, with 24.3% of assets.
TAN has 25 components, with 25% of them based in the United States. The fund also has an expense ratio of 0.65%.
Solar energy accounts for less than 1% of global electricity, so the sector has plenty of room for growth.
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/275392470/is-it-hot-in-he.html)