Alternative Energy ETFs In Focus: Google Bets On Wind Power

With oil prices held in check below the $80 mark until very recently, sluggish global growth has combined with decreasing alternative energy subsidies from cash-strapped governments to batter the alternative energy ETF market for much of 2010. While some broad based energy ETFs tracking the oil and gas sector have managed to pull themselves back into positive territory on the year, nearly all of the specialized funds targeting the alternative energy industry are still down more than 10% since the start of 2010. Even in this clean corner of the energy market there are large disparities among the different types of funds. While broad clean energy and solar power funds are generally down about 15% on the year, wind power ETFs have performed even worse, sinking by more than 30% year-to-date. However, with the dollar slumping and more quantitative easing likely to extend the downward trend in the near future, oil [...] Click here to read the original article on ETFdb.com. Related Stories: Wind Energy ETFs Sink On Weak Outlook For Developed Markets Three Alternative Energy ETFs To “Go Green” For St. Patrick’s Day Will Climate Deal Boost Alternative Energy ETFs?