It’s eagerly anticipated that solar exchange traded funds (ETFs) and the industry at large will get a boost from Obama’s election last week as president.
However, some are cautioning that while there might be euphoria over the prospects for alternative energy, it could be short-lived, reports Index Universe staff. In the meantime, though, all this talk has raised the profile of alternative energy ETFs, and that’s never a bad thing.
These funds will be interesting to watch in the coming months as the new administration and its priorities take some real shape.
- Claymore/MAC Global Solar Energy (TAN): Rose 13% the day of the elections; down 21% since then.
- Market Vectors Solar Energy (KWT): Rose 15.6% the day of the elections; down 22.4% since then.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Mr. Lydon serves as an independent trustee of certain mutual funds and ETFs that are managed by Guggenheim Investments; however, any opinions or forecasts expressed herein are solely those of Mr. Lydon and not those of Guggenheim Funds, Guggenheim Investments, Guggenheim Specialized Products, LLC or any of their affiliates. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.