tag:blogger.com,1999:blog-12428738.post425678007664216733..comments2024-03-14T04:00:57.764-07:00Comments on Renewable Energy Stocks- Insight Into Global Green Investing: The Cleantech Index (CTIUS) Adds IT and Energy Efficiency Leaders to PortfolioTelvent (TLVT) and Power Integrations (POWI) Join Cleantech IndexRenewable Energy Stockshttp://www.blogger.com/profile/13292445335316405042noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-12428738.post-897779662155818512008-04-16T22:09:00.000-07:002008-04-16T22:09:00.000-07:00Are Exchange Traded Notes (ETN) the next big thing...Are Exchange Traded Notes (ETN) the next big thing for Green Investors? ETN’s are senior, unsecured, unsubordinated debt securities issued by an underwriting bank. They have a maturity date and are backed by the credit of the issuer. ETN’s are linked to the market benchmark, but are not equities or index funds, but share a few similarities with index funds. <BR/><BR/>Already in its infancy there has been two ETN’s launched to appeal to the sustainable investor. <BR/><BR/>1. Credit Suisse Global Warming ETN (GWO) <BR/> The Global Warming ELEMENTS ETN (GWO) is a unique product that tracks the Credit Suisse Global Warming Index, which covers 50 companies with business activities focused on reducing global warming, such as the production of alternative energy and energy efficiency solutions. Companies are selected to the index based on a multi-layered methodology that determines the final component list based on rankings that incorporate performance, momentum, and valuation. This is the first ETN to delve into the alternative energy area. <BR/><BR/>2. Swedish Export Credit Corporation MLCX Biofuels Index (FUE) <BR/> The biofuels index is designed to implement a more efficient way of rolling agriculture and other futures contracts with differing expiration dates.<BR/><BR/>I am not sure if this is the right answer for the retail investor, but it allows the investor to diversify into one ETN, instead of just picking one stock. I would recommend GWO over FUE. <BR/><BR/><BR/>Ryan Wegner <BR/>UW-Madison School of Business<BR/>ryanwegner@gmail.comRyanhttps://www.blogger.com/profile/02090399941346058588noreply@blogger.com