Invesco PowerShares is making a name for itself as the number one provider of niche ETF’s and last week it launched another green ETF, this time in the transportation sector. The PowerShares Global Progressive Transporation Portfolio ETF (PTRP) is a diversified way to play the transition toward cleaner, less costly and more efficient means of transportation. It’s based on the Wilder Nasdaq OMX Global Energy Efficient Transport Index (which has performed remarkably well in a tough trading environment here in 2008 - up nearly 17% YTD through June 30) and includes companies that:
- improve energy efficiency
- reduce fuel costs
- harness renewable energy
- enrich energy conservation
- upgrade information systems
The fund is well diversified with no single holding more than 4% and along with green companies such as Clean Energy Fuels (CLNE) and Fuel Systems Solutions (FSYS) also includes shipping and rail companies. Strangely enough, the largest holding is a Mexican airport operator..
Top 10 Holdings as of June 30 2008:
- Grupo Aero del Sureste (ticker: ASR) 3.92%
- Piaggio 3.57%
- Overseas Shipping (ticker: OSG) 3.53%
- Hamburger Hafenund 3.51%
- OceanFreight (ticker: OCNF) 3.49%
- Shimano Inc 3.44%
- Fuel Systems Solutions (ticker: FSYS) 3.43%
- Clean Energy Fuels (ticker: CLNE) 3.40%
- Enbridge (ticker: ENB) 3.36%
- Kirby (ticker: KEX) 3.18%
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David Frazier, editor of The ETF Strategist newsletter , says short-term deflation will cause the dollar to strengthen and gold to weaken before reversing next year. |
| Jan 6 | Stocks News-Strategist predicts S&P 500 will hit 1,200
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| Jan 5 | Casinos, TBT Among Option Plays
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| Jan 5 | Back to Bullish on the Dow for 2009 -- Part I
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| Jan 5 | Friday's +3% "up-day" was a bad signs for the market | Red Flags Every..
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| Jan 5 | Energy Stocks Get Energetic
Oil, coal and even solar power ETFs are attracting buyers again after a brutal bear market. |
| Jan 5 | UP postpones bids for Bara project
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| Jan 5 | Sustainable Wealth Management Announces Quarterly Rebalance of the...
Sustainable Wealth Management, an independent provider of energy industry specific indexes, today announced that there will be no rebalancing of the SWM Canadian Energy Income Index TM according to the index ... |
| Jan 5 | Finra needs more clout, reps at Madoff hearing say
Financial Industry Regulatory Authority The $50 billion fraud allegedly perpetrated by Bernard L. Madoff Investment Securities LLC provides ample evidence that the Financial Industry Regulatory Authority Inc. |
| Jan 5 | Public relations, press release distribution, investor relations, SEC ..
SANTA BARBARA, Calif.-- --The 19th Annual Andrew Seybold Wireless Dinner, the independent networking and recognition event held annually in conjunction with the CTIA spring trade show, will take place in - ... |
| Jan 5 | Stocks News Us-Players see price swings in financials-analyst
Stocks on the move Real-time Equity news U.S. stock market report 1229 ET-05Jan2008 Players bet on big price swings in financials-analyst ... |
