Taking two great ideas and combining them together in one exchange traded fund (ETF) is what PowerShares does with their forthcoming transportation fund.
The PowerShares Progressive Transportation Portfolio (PTRP) is expected to list on NASDAQ on Sept. 18.
Global economic growth is increasing demand for sustainable transportation, but in most cases haven’t been matched by sustainable improvements within infrastructure, reports Robert Kropp for Sustainable Funds.
PTRP is based on the Wilder NASDAQ OMX Global Energy Efficient Transport Index. The four major transportation areas include land, sea, air and intermodal, alternative vehicles, rail and subway systems, and transportation innovation.The index tracks innovative and energy efficient transportation, by focusing on companies that are engaged in cleaner and improved means of transporting goods and people.
Last month, Claymore launched the Claymore/Delta Global Shipping (SEA), which gives exposure to the global shipping industry.
Other ETFs moving the world:
- iShares Dow Jones Transportation Average (IYT), up 12% year-to-date
- PowerShares WilderHill Clean Energy (PBW), down 32.3% year-to-date
- PowerShares Global Clean Energy (PBD), down 23% year-to-date
- Market Vectors Global Alternative Energy (GEX), down 19.7% year-to-date
For full disclosure, some of Tom Lydon’s clients own shares of IYT.
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.