Should You Buy an Alternative-Energy ETF?

From the clever-ticker-symbol file: FAN, which is the ticker for the First Trust ISE Global Wind Energy Index Fund(FAN Quote), a fund that could be worth a look as oil prices stay high and the wind power/alternative energy theme becomes increasingly popular.

FAN is truly a global fund, with 16% allocated to the U.S., but it also has mid-teen weightings to Denmark, Germany, the U.K. and Spain. The sector make-up concentrates heavily in industrials at 58% and utilities at 29%.

You may know a couple of the larger names in the fund, like Vestas Wind(VWDRY Quote) from Denmark and Gamesa(GCTAF Quote) from Spain, but many of the other holdings are more obscure.

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