This May Be The Best ETF Investment For The Next Decade
“Fossil fuels are out, alternative energy is in and dozens of companies are likely to benefit from the transition. Investors can use one security to capture these imminent gains. Leaders of 192 countries are meeting at the U.N. Climate Change Conference in Copenhagen to iron out accords that will likely result in huge gains for a number of alternative-energy companies. One exchange-traded fund is poised to benefit from a surge in new business for them,” Francisco Bermea Reports From Street Authority.
“Most electricity is generated by burning coal or natural gas, though many governments are moving to embrace “cleaner” technologies that emit less carbon-dioxide, a compound thought to trap heat in earth’s atmosphere and contribute to a phenomenon known as global warming,” Bermea Reports.
“Hundreds of billions of dollars worth of existing fossil-fuel fired power plants notwithstanding, governments are increasingly more interested in promoting “renewable” energy sources like wind and solar power. These technologies not only reduce emissions, they also start to wean the world from scarce fossil-fuel-based sources. China, for example, has mandated that 15% of its energy come from renewable sources by 2020. Solar and wind energy companies should see a huge boost from this mandate. China plans to increase wind energy by +720% from 12.2 gigawatts to 100 gigawatts by 2010,” Bermea Reports.
The Market Vectors Global Alternative Energy (NYSE: GEX) gives investors access to the world’s largest alternative-energy companies. This ETF isn’t laden with hundred of unprofitable startups but with 31 large, dynamic alternative-energy companies. GEX’s top ten holdings make up 53% of its assets.
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Here is a detailed look at the Global Alternative Energy (NYSE: GEX):
The investment (GEX) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Ardour Global Index. The fund normally invests at least 80% of total assets in stocks in proportion to their weightings in the index. It invests at least 30% of assets in securities of non-US companies located in at least three different countries. The fund is nondiversified.
| TOP 10 HOLDINGS (GEX) ( 53.41% OF TOTAL ASSETS) |
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