NYSE Euronext (NYX) today announced the launch of the first global solar energy index ETF the Claymore/MAC Global Solar Energy Index ETF on NYSE Arca. As an industry leader in ETF and ETN listings and trading, exchange traded products listed on NYSE Arca represent 56% of ETF and ETN assets under management in the U.S., nearly $609 billion, the most of any exchange.
The Claymore/MAC Global Solar Energy Index ETF, which trades under the ticker symbol TAN, is designed to track approximately 25 companies within the following business segments of the solar power industry: equipment producers, suppliers of materials or services, installation, integration or finance, and companies that specialize in selling electricity.
The following NYSE-listed companies are included in the Claymore/MAC Global Solar Energy Index: MEMC Electronic Materials Inc. (NYSE: WFR), Suntech Power Holdings Co Ltd (NYSE:STP), LDK Solar Co Ltd (NYSE: LDK), Yingli Green Energy (NYSE:YGE), Trina Solar Ltd. (NYSE:TSL).,
As the first fully electronic platform to utilize designated liquidity providers, NYSE Arca sets the national best bid and offer nearly 85% of the time, leading all U.S. exchanges. NYSE Arca remains an established leader in the ETF and ETN market place offering investors some of the industry’s fastest and most innovative trading tools to access liquidity. Including today’s listings, NYSE Arca has 252 primary ETF and 43 ETN listings and trades all other eligible ETFs on a UTP basis. In 2007, NYSE Arca added 122 new ETFs and ETNs to its roster of primary listings, including a record 101 IPOs. For 2007, NYSE Arca was the primary listing exchange of choice with a total of 261 ETFs and ETNs listed.
|TOP 10 HOLDINGS ( 55.27% OF TOTAL ASSETS) || |
|Company ||Symbol ||% Assets |
|Energy Conversion Devices, Inc. ||ENER ||4.98 |
|Evergreen Solar, Inc. ||ESLR ||4.31 |
|First Solar, Inc. ||FSLR ||9.64 |
|LDK SOLAR CO ADR ||LDK ||4.42 |
|MEMC ELECTRONIC MTRL ||WFR ||5.39 |
|Q-CELLS ||QCE.BE ||5.63 |
|RENEWABLE ENERGY ||REC.OL ||5.55 |
|SOLARWORLD ||SWV.BE ||6.13 |
|SUNPOWER CORPORATION ||SPWRA ||4.44 |
|SUNTECH POWER HLDGS ||STP ||4.78 |