Naz News, Gappers and FLE's

[mcmike]

FAN: new ETF for wind energy started trading last week

like PBW for clean energy, FAN is a way to play the sector without a single ticker symbol concentration

First Trust ISE Global Wind Energy Index Fund
http://www.ftportfolios.com/common/etf/productinfo/FAN/FAN-investorguide.pdf

First Trust Lists the First Wind Energy ETF on NYSE Arca
Wednesday June 18, 11:48 am ET
http://biz.yahoo.com/bw/080618/20080618005953.html?.v=1

Seeking Alpha
New Wind Energy ETF Is Not Just Hot Air
Monday June 23, 4:21 am ET
By Jeffrey McLarty
http://biz.yahoo.com/seekingalpha/080623/82290_id.html?.v=1

One of the nice features of this etf is the emphasis on global

here is the initial weighting:
http://www.ftportfolios.com/retail/etf/ETFholdings.aspx?Ticker=FAN

Security Name Ticker or CUSIP Weighting  
 Hansen Transmissions HSN.LN  7.49 %   
 Vestas Wind Systems VWS.DC  7.09 %   
 Gamesa Corporacion Tecnologica, S.A. (Gamesa) GAM.SM  6.94 %   
 Broadwind Energy, Inc. BWEN  6.05 %   
 REpower Systems AG RPW.GR  5.92 %   
 Nordex AG NDX1.GR  5.34 %   
 Babcock & Brown Wind Partners BBW.AU  4.71 %   
 Theolia SA TEO.FP  3.82 %   
 Clipper Windpower PLC CWP.LN  3.81 %   
 Japan Wind Development Co., Ltd. 2766.JP  2.81 %   
 Fersa Energias Renovables SA FRS.SM  2.78 %   
 Greentech Energy Systems GES.DC  2.75 %  
 

The top 12 weightings, almost 60% of the current market cap and only one symbol is listed on a major American exchange.

Total Global Capacity  
 Country %  
 Germany 23.4  
 U.S. 17.9  
 Spain 16.1  
 India 8.4  
 China 6.3  
 Denmark 3.3  
 Italy 2.9  
 France 2.6  
 U.K. 2.5  
 Portugal 2.3  
 Rest of the World 13.9 
  http://seekingalpha.com/article/81856-expecting-to-fly-first-trust-launches-first-wind-etf 
 

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