As oil prices keep sinking, longtime money manager and advisor sees opportunities.
Although outperforming more diversified alternative energy rivals, water ETFs are taking different paths to tap into a growing market.
PowerShares once again broke new ground in the exchange-traded fund industry with the launch of the first ETFs of ETFs, the PowerShares Autonomic Global Asset Portfolios. The three funds were launched May 20 and track indexes of ETFs designed by Boston-based advisory firm New Frontier Advisors (NFA).
First Trust Advisors launched the first wind energy exchange-traded fund, in June. The First Trust ISE Global Wind Energy Index Fund (NYSEArca: FAN) was followed a couple weeks later by the PowerShares NASDAQ OMX Clean Edge Global Wind Energy Index (NASDAQ: PWND).
Barclays Global Investors launched four funds in June. Two cover alternative energy markets; the other two cover the timber industry and China.
In late June, Barclays launched 11 new exchange-traded notes through its iPaths lineup, including a note that tracks carbon emissions. Linked to the Barclays Capital Global Carbon Index Total Return, the iPath Global Carbon ETN (NYSEArca: GRN) is the first exchange-traded product designed to provide investors with exposure to the global price of carbon.
With prices soaring at the gas pump and both U.S. presidential candidates talking about breaking America's dependence on oil, it's not surprising two exchange-traded funds devoted to wind power generation are now out.