|
Claymore Launches Global Solar ETF
April 16, 2008
SAN DIEGO (ETFguide.com) – On tax-day, April 15th, Claymore launched the first ever Solar ETF, the Claymore/MAC Global Solar Energy ETF (Ticker: TAN).
With oil prices reaching yet another all-time high, alternative energy has been an industry sector gaining more and more attention.
The Solar ETFwill seek to replicate the MAC Global Solar Energy Index (Index Ticker: SUNIDX), which was developed and is maintained by MAC Indexing, LLC, an affiliate of Melvin & Company. Melvin specializes in clean energy equity research and index development.
The indexcurrently consists of 25 globally-listed investable public companies that specialize in providing solar energy products and services and uses a unique, modified market capitalization weighting methodology that at the quarterly Index review imposes a maximum weighting of 20% for any single stock in the Index and a 45% weighting maximum in the aggregate for stocks with a weighting of more than 4.5%.
The Index seeks to be a pure-play index by giving full weight to “pure-play” solar companies that derive at least two-thirds of their total revenue from the solar industry and a reduced weight to “medium-play” solar companies that derive between about one-third and two-thirds of their total revenue from the solar industry.
There are only about 200 publicly traded companies that have interests in solar energy worldwide, so the selection pool is somewhat limited. Currently, most of the 25 components are considered pure plays.
A Snapshot of TAN:
|
|
Ticker: TAN
Claymore/MAC Global Solar Energy
Expenses Ratio: 0.65%
Number Of Holdings: 25
Security Selection: Screened
Security Weighting: Market Cap (modified)
Country Holdings:
Germany 29%
China 29%
US 26%
Norway 7%
|
“Alternative energy is the megatrend of the future” says Simon Maierhofer, who manages the Generation Growth, Sector Savvy and World Traveler Ready-To-Go Portfolios.
The Nuclear Energy ETF (Ticker: NLR) and Global Alternative Energy ETF (Ticker: GEX) have shown nice results.
>> 30 Day FREE TRIAL– Ready-To-Go-Portfolios
Top 5 Most Popular Articles:
What Will It Take To Get The Stock Market Back On Track?
Finding The Right ETF Made Easy
Actively Managed ETFs, Will They Rock Or Roll?
The Devolution In ETF Research Is Alive And Well
9 Ways To Thrive During Market Turmoil
|
