Concerned about higher oil prices? Hedging your bets with both energy stocks and alternative energy stocks makes sense. Earlier this year, PowerShares Capital Management launched an ETF that is tied to an index of clean energy companies. The WilderHill Clean Energy Index (PBW) had a great month in August and has captured even greater attention following Hurricane Katrina.

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The funds top 10 holdings:

Magnetek Inc3.2%
Maxwell Tech3.2%
Ormat Tech3.1%
Ultralife Batteries3.1%
Intermagnetics3.1%
As of 6/30/2005
Ugm Technologies3.1%
Impco Technologies3.1%
Evergreen Solar3.0%
Cypress Semiconductor3.0%
Kyoncera Corp3.0%

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. 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.