"Wind power is a source of energy that is renewable, clean, has a low operating cost and is a technology that's been around for over century," says Ian Cooper.

The small-cap stock specialist and editor of the SC Trading Pit explains, "That's why we're adding a position in First Trust ISE Global Wind Energy ETF (NYSE: FAN), which lets you own 52 wind stocks at once."

"The nice thing about this ETF is that many of the holdings are non-US companies, meaning they're not reliant on news of green energy tax credits. But with the rest of the world investing in wind, we're given wider profit exposure. This is a great way to hold 50 up and coming stocks at $30 a pop.

"As oil prices stay high, the wind power and alternative energy themes are becoming increasingly popular, making the latest exchange-traded fund even more enticing.

"Just recently, the much-anticipated First Trust ISE Global Wind Energy ETF was launched. And not only will investors have an opportunity to profit from companies in the wind energy business, they can profit from companies that will soon enter the space.

Continue reading Blowin' in the wind: First Trust Global Wind Energy ETF (FAN)

Blowin' in the wind: First Trust Global Wind Energy ETF (FAN) originally appeared on BloggingStocks on Fri, 11 Jul 2008 11:58:00 EST. Please see our terms for use of feeds.