These ETFs hold top green stocks

Article Excerpt

Demand for renewable energy continues to grow, supported by government incentives and technological advances that lower costs. Still, the broad increase in power needs worldwide—along with relatively cheap oil and natural gas prices—should keep fossil fuels as the primary energy source for years to come. There is, however, room for both renewable and fossil fuel providers to operate profitably. Here are two ETFs that aim to benefit from growing investor interest in renewable energy (see the supplement on page 80 for more information). INVESCO GLOBAL CLEAN ENERGY ETF $12 (New York symbol PBD; TSINetwork ETF Rating: Aggressive; Market cap: $54.1 million) tracks the WilderHill New Energy Global Innovation Index. The portfolio includes companies operating wind, solar, hydro and other renewable energy businesses as well as those involved in energy conservation, carbon and greenhouse gas reduction, and pollution control. The fund weights its holdings in proportion to their market capitalization. Global demand for energy continues to rise Fossil fuels will continue to dominate (other than coal),…

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