ETF for Clean Energy Sector: PBW

We discussed last week 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 talk about an 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 started trading on the American Stock Exchange on March 3.
The index contains 37 companies that use greener and renewable
energy alternatives such as wind, solar and hydrogen fuel cells.

The ETF, which is managed by PowerShares Capital Management,
tracks the WilderHill Clean Energy Index, a benchmark calculated by
the Amex.