Add Some Wind to Your Portfolio with PowerShares Global Wind Energy

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Early this month, PowerShares introduced its own alternative energy ETF, the PowerShares Global Wind Energy Portfolio (PWND), giving investors an option to invest in another fast-growing alternative energy source.

So what are alternative energies?

According to Wikipedia, alternative energy sources include biomass, geothermal, solar energy, wind energy, and wave power.

In late April, Claymore Securities launched a Solar Energy exchange-traded fund, Claymore Global Solar Energy ETF (TAN), which lets investors in on solar energy providers as well as solar energy related equipment and material suppliers. Early this month, PowerShares introduced its own alternative energy ETF, the PowerShares Global Wind Energy Portfolio (PWND), giving investors an option to invest in another fast-growing alternative energy source.

PWND tracks the NASDAQ OMX Clean Edge Global Wind Energy Index [QWND]. The index, which was created on June 26, 2008, is a modified market-cap based index that includes 32 companies with market capitalization between $201 million and $279 billion traded in Belgium, Canada, Denmark, France, Germany, Greece, Hong Kong, Japan, Spain, Switzerland, the United Kingdom and the U.S.

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