Topic: How To Invest

Pat: What do you think of the Guggenheim Solar ETF if I want to invest in solar power companies?

Article Excerpt

Guggenheim Solar ETF, $42.37, symbol TAN on New York (Units outstanding: 9.0 million; Market cap: $381.3 million; www.guggenheiminvestments.com), aims to match the performance of the Melvin and Company (MAC) Global Solar Energy Index, which includes 30 companies listed on exchanges in developed countries. The ETF’s top holdings are SunEdison, SolarCity, First Solar, GCL-Poly Energy Holdings, Hanergy Solar Group, SunPower, TerraForm Power, Canadian Solar, Meyer Burger Technology AG, Trina Solar and Xinyi Solar Holdings. The Guggenheim Solar ETF’s MER is 0.70%. It yields 1.5%. We don’t see a lot of unrecognized value in the stocks the Guggenheim Solar ETF owns, but it does provide broad diversification within the solar business. If you feel you must have exposure to this industry in your portfolio, Guggenheim Solar ETF is okay to hold. hold…