In midday trading Friday, the Market Vectors Solar Energy ETF (KWT) is outperforming other ETFs, up about 3.5% on the day. And underperforming other ETFs today is the iShares Industrial/Office REIT ETF (FIO), down about 1.2% in Friday afternoon trading. See the full video below:
About the Market Vectors Solar Energy ETF (KWT):
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Ardour Solar Energy index. The fund normally invests at least 80% of total assets in equity securities, which may include depositary receipts, of U.S. and foreign companies primarily engaged in the production of solar power. It is nondiversified
About the iShares Industrial/Office REIT ETF (FIO):
The investment seeks to replicate, net of expense, the FTSE NAREIT Industrial/Office index. The fund generally invests at least 90% of assets in securities of the Underlying index and depositary receipts representing securities of the Underlying index. It may invest the remainder of assets in securities not included in its Underlying index but which BGFA believes will help the fund track its Underlying index, and in futures contracts, options on futures contracts, options and swaps as well as cash and cash equivalents, including shares of money market funds advised by BGFA. The fund is nondiversified.