A new energy ETF should benefit from rising oil prices, but it wonÂ't contain the typical oil refiners. ThatÂ's because it will follow an index of renewable or "greener" energy companies.
PowerShares WilderHill Clean Energy Portfolio (AMEX:PBW - News) is a bet on the emergence of green energy as a major economic force beyond its current niche markets. Component firms have gathered much of the knowledge of how to produce, sell and maintain state-of-the-art alternative energy systems including solar, wind and fuel cells. The fund is expected to trade in February or March 2005.
Green Energy ETF To Spring Soon
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