This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

New Alt Energy, Africa ETFs Disappoint in October

Possibly the most conventional offering on the table, the iShares S&P Global Nuclear Index Fund (NUCL), contains established stocks such as McDermott International (MDR - Get Report), FPL Group (DPL) and First Energy (FE).

Philosophically, NUCL is arguably the antithesis of the iShares S&P Global Clean Energy Industry Fund (ICLN), the major holdings of which include First Solar (FSLR - Get Report), energy-from-waste pioneer Covanta Holdings (CVA) and Sunpower (SPWRA).

Of the Africa-Middle-East pair of ETFs on the list, the PowerShares MENA Frontier Countries Fund (PMNA), with large positions in securities such as Arab Bank and Kuwait Finance, is more heavily invested in the oil-rich Persian Gulf than in the emerging African region.

On the other hand, the Market Vectors Africa Index ETF (AFK) is invested in large African corporations.

Selected New 'Concept' ETFs
Name (Ticker), TheStreet.com Ratings Grade
Inception Date
Advisor
Investment Concept
Oct. Total Return (%)
3-Month Total Return (%)
First Trust ISE Global Wind Energy Index Fund (FAN), U
6/16/2008
First Trust Advisors
ISE Global Wind Energy Index
-45.17
-57.27
iPath Barclays Capital Gl Carbon Idx Tot Retn (GRN), U
6/24/2008
Barclay's Global
Barclays Capital Global Carbon Index Total Return
-18.91
-14.45
iShares S&P Global Nuclear Index Fd (NUCL), U
6/24/2008
Barclay's Global
The S&P Global Nuclear Energy Index
-19.49
-39.86
iShares S&P Global Clean Energy Ind (ICLN), U
6/24/2008
Barclay's Global
S&P Global Clean Energy Index
-39.73
-55.07
PowerShares Global Wind Energy Port (PWND), U
7/1/2008
Invesco PowerShares
NASDAQ OMX Clean Edge Global Wind Energy Index
-38.10
N/A
PowerShares MENA Frontier Countries (PMNA), U
7/9/2008
Invesco PowerShares
Middle East or African & New Frontier Countries
-21.00
N/A
Market Vectors Africa Index ETF (AFK), U
7/10/2008
Van Eck Associates
Dow Jones Africa Titans 50 Index
-26.07
-40.33
S&P 500 Total Return
-16.78
-23.11
Source: TheStreet.com Ratings (Data as of 9/30/2008)
For more information, check out an explanation of our ratings.

Richard Widows is a senior financial analyst for TheStreet.com Ratings. Prior to joining TheStreet.com, Widows was senior product manager for quantitative analytics at Thomson Financial. After receiving an M.B.A. from Santa Clara University in California, his career included development of investment information systems at data firms, including the Lipper division of Reuters. His international experience includes assignments in the U.K. and East Asia.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
PMNA $13.61 0.44%
NUCL $36.15 0.75%
MDR $5.00 0.00%
FSLR $63.43 0.00%
GRN $8.74 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs