New Wind Energy ETF Is Not Just Hot Air

I think the creators of (FAN), a brand new fund that is going to track the ISE Global Wind Energy Index, earned their 0.6% fee. Here’s why: Only 18 of the 52 stocks in the fund are available to North American retail investors without going over the counter, or paying for international data feeds.

That liquidity and accessibility to these truly global investment securities is worth something, to many people. Now I’d say, I wish the fund didn’t have 4, of those 18, which are hardly ‘wind’ investments (General Electric (GE), Siemens (SI), Shell (RDS.A) and BP (BP) are ~5% of fund).