ETF Trends
05-15-2008, 07:40 PM
ETF Trends - Keeping a Grip on Exchange Traded Funds (ETFs)
http://www.etftrends.com/images/2008/05/15/5944001.jpeg Solar exchange traded funds (ETFs) appear to be basking in the sun as ever-rising energy prices are sending people looking for less expensive alternatives.
Two companies of interest are JA Solar (JASO (http://finance.yahoo.com/q?s=jaso)) and Evergreen Solar (ESLR (http://finance.yahoo.com/q?s=eslr)) who have experienced high first-quarter earnings. Market Vectors Solar (KWT (http://finance.yahoo.com/q?s=kwt)) and Claymore/MAC Global Solar Energy (TAN (http://finance.yahoo.com/q?s=tan)) are up 7.7% and 9.5% respectively so far this week, reports Rob Wherry for Smart Money (http://www.smartmoney.com/etf-outlook/index.cfm?story=20080514-daily-etf-wrap-up&cid=1122).
Both funds are still new kids on the block: KWT was launched on April 23, and it's up 4.6% since then. TAN was the first solar ETF available, launching on April 15. Since then, it's up 10.9%.
Will the flood of investors driven to solar continue, even if oil prices retreat? Time will tell. Oil futures fell today, settling at $122.20 a barrel. It's the weakest level since May 8, say Myra P. Saefong and Polya Lesova for Market Watch (http://www.marketwatch.com/news/story/oil-futures-retreat-natural-gas/story.aspx?guid=%7B3B5DE89E-C663-4421-ADA1-611748FA1C57%7D). Natural gas prices also fell by 3% after a bigger-than-expected jump in supplies was reported.
http://www.etftrends.com/images/2008/05/15/z_2.png (http://etftrends.typepad.com/photos/uncategorized/2008/05/15/z_2.png)
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/291228583/solar-etfs-shin.html)
http://www.etftrends.com/images/2008/05/15/5944001.jpeg Solar exchange traded funds (ETFs) appear to be basking in the sun as ever-rising energy prices are sending people looking for less expensive alternatives.
Two companies of interest are JA Solar (JASO (http://finance.yahoo.com/q?s=jaso)) and Evergreen Solar (ESLR (http://finance.yahoo.com/q?s=eslr)) who have experienced high first-quarter earnings. Market Vectors Solar (KWT (http://finance.yahoo.com/q?s=kwt)) and Claymore/MAC Global Solar Energy (TAN (http://finance.yahoo.com/q?s=tan)) are up 7.7% and 9.5% respectively so far this week, reports Rob Wherry for Smart Money (http://www.smartmoney.com/etf-outlook/index.cfm?story=20080514-daily-etf-wrap-up&cid=1122).
Both funds are still new kids on the block: KWT was launched on April 23, and it's up 4.6% since then. TAN was the first solar ETF available, launching on April 15. Since then, it's up 10.9%.
Will the flood of investors driven to solar continue, even if oil prices retreat? Time will tell. Oil futures fell today, settling at $122.20 a barrel. It's the weakest level since May 8, say Myra P. Saefong and Polya Lesova for Market Watch (http://www.marketwatch.com/news/story/oil-futures-retreat-natural-gas/story.aspx?guid=%7B3B5DE89E-C663-4421-ADA1-611748FA1C57%7D). Natural gas prices also fell by 3% after a bigger-than-expected jump in supplies was reported.
http://www.etftrends.com/images/2008/05/15/z_2.png (http://etftrends.typepad.com/photos/uncategorized/2008/05/15/z_2.png)
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/291228583/solar-etfs-shin.html)