ABB_id2059
in News Departments > New & Noteworthy
print the content item

First Trust Advisors LP will create the First Trust ISE Global Wind Energy Index Fund, a wind energy exchange-traded fund (ETF). The fund will begin trading on the New York Stock Exchange (NYSE) Arca under the ticker symbol NYSE Arca: FAN. First Trust will be the investment advisor for the ETF.

"We are watching the wind energy industry rapidly mature due to investment from around the globe," says Robert Carey, chief investment officer of First Trust. "In 2007, companies involved in wind energy generation participated in a 27-percent growth of installed global wind generation capacity, bringing the global total to more than 94,000 MW."

The First Trust ISE Global Wind Energy Index Fund will seek investment results that correspond generally to the price and yield of the ISE Global Wind Energy Index.

SOURCE: First Trust Advisors LP


Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.


Report: Policy Uncertainty Fuels Market Exodus As Firms Bolt North American Wind Industry

The global wind energy supply chain has yet to recover from the slump that began in 2013. In fact, many segments are undergoing a transformation, according to market research firm FTI Consulting.


Utilities Deal "Near-Fatal" Blow To Cape Wind: UPDATED

Despite its remarkable resiliency, could this latest setback mean the end for the controversial offshore wind farm?

Hybrid Energy Innovations 2015