New ETF for Clean Energy Sector: PBW

We discussed yesterday that socially responsible funds recently
lagged the broader index mainly because of their aversion to the
Energy sector which boomed in recent months with rising oil prices.

Today we introduce a new Exchange Traded Fund (ETF) that might
try to reap some benefits of being in the Energy sector while keeping
your social responsibility intact: PBW

PBW is based on an index of publicly traded energy companies that
focus on environmentally friendly sources of energy and technologies
and is set to begin trading on the American Stock Exchange on March
3 (tentative date). The index contains 37 companies that use greener
and renewable energy alternatives such as wind, solar and hydrogen
fuel cells.

The ETF, which will be managed by PowerShares Capital Management,
will track the WilderHill Clean Energy Index, a benchmark calculated
by the Amex.
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A Book: Since we are discussing 'Energy' in last 2 days, let us recommend
a book on this topic to you, which we liked very much:
"Out of Gas: The End of The Age of Oil" - David Goodstein
(2004 W.W. Norton & Co., NY)
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