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



Trachte Inc._id1770
Latest Top Stories

Sen. Grassley Makes Another Legislative Push For Wind PTC Extension

U.S. Sen. Chuck Grassley, a long-time wind power advocate, recently made an effort to bring attention to the importance of a production tax credit extension.


Alberta Breaks Wind Power Record, Then Does It Again

Last week, the Alberta Electric System Operator recorded new wind production peaks in the Canadian province - highlighting how well the grid integrated the renewable energy.


Federal Appeals Court Finds Obama's Wind Farm Decision Unconstitutional

A federal appeals court ruled that the U.S. government violated the constitutional rights of Chinese-owned Ralls Corp. when ordering the divestment of four Oregon wind farms.


Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.

Renewable NRG_id1934
Canwea_id1984
Navigant_id1983