Trading symbol for new, wind-energy ETF will be... PWND
 | Seriously.  Great sector, possibly a good ETF, but a most unfortunate ticker symbol! Invesco PowerShares to List Global Wind Energy ETF CHICAGO, IL -- (MARKET WIRE) -- 06/26/08 -- Invesco PowerShares Capital Management LLC, a leading provider of exchange-traded funds (ETFs), announced today the anticipated listing of a global wind energy portfolio. The new ETF is expected to list on The Nasdaq Stock Market. The anticipated ticker symbol and ETF portfolio name follows: PWND - PowerShares Global Wind Energy Portfolio "Wind power is among the largest emerging clean energy sources on the planet, and our goal with PWND is to give investors a more innovative and precise way to access this important sector, along with the inherent structural benefits of an ETF," said Bruce Bond, president and CEO of Invesco PowerShares. More... http://finance.boston.com/boston?ChannelID=3198&GUID=58... |
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Ghost Dog (1000+ posts)      | Thu Jun-26-08 07:54 PM Response to Reply #101 |
| 113. Hmm. Interesting info (& weightings), thanks. |
| ...The PowerShares Global Wind Energy Portfolio (PWND) is based on the NASDAQ OMX Clean Edge® Global Wind Energy Index. This index includes companies that are primarily manufacturers, developers, distributors, installers and users of energy derived from wind sources. The Index selects companies listed on global stock exchanges and uses a modified market capitalization-weighted methodology, with consideration to trading volume and float-adjusted market capitalization minimums. The index is reconstituted semi-annually and rebalanced quarterly. Index Country Weightings as of 6/23/2008 Index Country Weight Belgium 5.67% Canada 3.14% Denmark 14.00% France 8.00% Germany 16.52% Greece 1.24% Hong Kong 5.03% Japan 2.29% Spain 22.69% Switzerland 3.75% United Kingdom 6.13% United States 11.55% Source: The NASDAQ OMX Group, Inc., based on hypothetical Index information as of June 23, 2008. The Index was not yet operational as of June 23, 2008. Allocations represent the percentages that would have been utilized if the Index had been operational. Data is subject to change. Index values do not represent Fund values. Past performance is no guarantee of future results. /... http://finance.boston.com/boston?ChannelID=3198&GUID=58... |
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| Ghost Dog (1000+ posts) | Thu Jun-26-08 11:14 PM Response to Reply #113 |
| 137. The NASDAQ Index Components (QWND): |
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The much anticipated First Trust ISE Global Wind Energy ETF (FAN) launched this week with healthy trading volume and a tight spread. Renewable energy has been a hot topic as of late, especially wind energy because of its low cost, and high efficiency. With the launch of this new fund, investors now have a chance to profit from companies in the wind energy business, as well as companies that will be entering the space.
The First Trust ISE Global Wind Energy ETF (FAN) will aim to track the ISE Global Wind Energy Index. The index is comprised of companies that provide goods and services to the wind energy industry, and companies “determined to be significant participants in the wind energy industry despite not being exclusive to such industryâ€. In order to be considered for the index, the company must be engaged in some aspect of the wind energy industry such as manufacturing or design of machinery, distribution of materials, management of a wind farm, or distribution of wind generated electricity. The current top ten of the 52 holdings in the fund are as follows:
- REpowersystems AG - 10.51%
- Vestas Wind Systems - 10.28%
- Gamesa - 8.81%
- Hansen Transmissions - 6.80%
- Japan Wind Dev. Co. - 5.13%
- Babcock & Brown Wind Partners - 4.40%
- Nordex AG - 4.34%
- Theolia SA - 4.28%
- Clipper Windpower - 2.94%
- Gurit Holding AG - 2.81%
On a fundamental basis, the trailing P/E ratio for the fund is 25, and price to sales is around 2.2. The total net assets for the fund are around $9.1 million, but this is likely to balloon as more investors move into the fund. The expense ratio for the fund is 0.60%, and trades on the NYSE Arca exchange.
/... http://seekingalpha.com/article/82083-new-global-wind-energy-etf-investing-is-a-breeze
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