PBW: Clean Energy ETF

On Monday we discussed 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.