NEW ENERGY FUND: ALL TIME HIGH

NewEnergyNews follows this fund’s market movement among the tracking charts in the left column. The money moving in the direction of New Energy is a little mind-boggling. Some are calling it a bubble. Some are muttering that it is due only to government incentives. There is always reason for caution but there are two good reasons for optimism: (1)The world's hunger for energy. (2)The world's hunger for emission-free energy.

Revisiting the PowerShares WilderHill Clean Energy As It Faces All Time Highs
Nick Perry, August 13, 2007 (Seeking Alpha)

WHO
Nick Perry, investments authority

PBW's top holdings (click to enlarge)

WHAT
New Energy Exchange Traded Fund (ETF) PowerShares WilderHill Clean Energy Fund (PBW) has climbed to an all time high in value.

WHEN
Perry is describing PBW performance the week of August 6-10.

The patterns discussed in the article. (click to enlarge)

WHERE
PBW trades on the American Stock Exchange (AMEX).

WHY
- Oil price volatility makes fossil fuel investments more problematic.
- ETFs are diversified, making them safer bets in a volatile market.
- PBW remains diversified but its top holdings have changed recently.

The fund is part of a much bigger picture. (click to enlarge)

QUOTES
- “As has been the case with the entire market, the PBW has been quite volatile during the past weeks. The fund eventually dropped from its annual high but then quickly bounced back… he big test now comes as the PBW faces that all-time peak near 24…an ETF gives you a good way to gain exposure without having to pick the best stock.”
- More details.