It is projected, and stated by the man himself, one of top priorities of the new Obama administration will be the broad based implementation of new alternative energy solutions. Being far too early to tell which corporate leaders will rise from this occasion an increasing number of products are available to help with discovering early profits in this arena. The following is only a few of the ETFs and Ns encountered in recent months, also the advent and growing popularity of carbon trading is really putting a token in the hands of commodity traders as the latest product to hit the pits.
Air Shares EU Carbon Allowances gives investors and speculators the chance to earn off of the fast growing carbon market. So fast in fact the 9 months in the us the market expanded 87% and is projected to reach 100billion in short order. This fund is a commodity fund levered with futures contracts in carbon priced in euros.
is an iPath Global Carbon ETN highly correlated with the USO. Although light in volume, it may provide a great way to profit in the future advance of the carbon commodity as well.
This ETF fund is based off the WilderHill Clean Energy Index which is derived off companies that focus on greener and renewable sources of energy and technologies facilitating cleaner energy.
The fund this time tracks the Cleantech Index. The Index is a modified equally weighted index consisting of stocks of publicly traded cleantech companies and American depository receipts [ADRs] based on such stocks. Cleantech Indices LLC (the Index Provider) considers a company to be a cleantech company if it derives at least 50% of its revenues or operating profits from cleantech businesses. Cleantech businesses are defined as those that provide knowledge-based products (or services) that add economic value by reducing cost and raising productivity and/or product performance. The Index will include the securities of approximately 75 companies with a market capitalization range of between $200 million and $100 billion.
The PowerShares WilderHill Progressive Energy Portfolio (Fund) is based on the WilderHill Progressive Energy Index. The Index is comprised U.S.-listed companies that are significantly involved in transitional energy bridge technologies, with an emphasis on improving the use of fossil fuels. The modified equal-weighted portfolio is rebalanced and reconstituted quarterly.
First Trust NASDAQ Clean Edge U.S. Liquid Series Index Fund (the Fund) is an exchange-traded index fund. The objective of the Fund is to seek investment results that correspond generally to the price and yield of an equity index called the NASDAQ Clean Edge U.S. Liquid Series Index (the Index). The Index is a modified market capitalization-weighted index designed to track the performance of clean energy companies that are publicly traded in the United States, and that are primarily manufacturers, developers, distributors and/or installers of clean energy technologies, as defined by Clean Edge, Inc. Clean energy companies include companies engaged in the manufacturing, development, distribution and installation of clean energy technologies, including, but not limited to, solar photovoltaics, bio-fuels and advanced batteries. The Index is reconstituted twice a year in March and September, and rebalanced quarterly. The Fund’s investment advisor is First Trust Advisors L.P.
Market Vectors-Global Alternative Energy ETF (the Fund) seeks to replicate as closely as possible, before fees and expenses, the performance of the Ardour Global Index (Extra Liquid) (AGIXL) by investing in common shares of large-, mid- and small-cap companies reflected in the Index. AGIXL, calculated by Dow Jones Indexes on behalf of Ardour Global Indexes LLC, is a modified capitalization-weighted, float adjusted index comprised of publicly traded companies engaged in the production of alternative fuels and/or technologies related to the production of alternative energy power. As of December 31, 2007, AGIXL represented 30 publicly traded companies from around the world.
I encourage you leave your opinions about the future of this industry and any other names recently encountered that may provide and entry to the field of Alt energy.
Many more ETFs and Notes can be found at these sites: