Alternative energy, and in particular wind energy, was a major platform for the Obama campaign and the new president is keeping his promise by including incentives in the current stimulus plan. However, before jumping into wind energy investments, take a closer look at the plan details.
PowerShares Global Wind Energy Portfolio (PWND) was launched today. The fund is based on an index of global companies that are primarily manufacturers, developers, distributors, installers and users of energy derived from wind sources.
There are several ways to invest in clean energy with exchange traded funds. The largest of the group is the $1.6 billion PowerShares WilderHill Clean Energy Portfolio (PBW) which tracks an index designed to deliver capital appreciation through the selection of companies that focus on greener and generally renewable sources of energy and technologies that facilitate cleaner energy.