PowerShares Global Wind Energy (PWND) has blown in $16 million since July 1, the first day of trading.
It’s important to look at the holdings and understand what you own, especially since the wind energy industry is still a fledgling one.
These funds are still so new, they don’t have 200-day moving averages yet. But keep an eye out – if oil does indeed stay high, sooner or later, we’re going to be forced to take alternative forms of energy a lot more seriously and it could benefit these funds.