Two more energy indexes have launched exchange traded funds (ETF) in the cleantech arena:
The WilderHill Progressive Energy Index (WHPRO) is made up of 36 companies whose technologies clean up fossil fuel production and serve as a bridge to cleaner technologies.
The ETF that tracks the index is called the PowerShares WilderHill Progressive Energy Portfolio (AMEX: PUW).
Rob Wilder, co-founder of the index, and founder of the WilderHill Clean Energy Index which tracks pure play clean energy companies in the U.S., says, “In addition to growing clean energy sources such as solar and wind, we need to clean up today’s dominant energy technologies, such as coal, oil, and natural gas.”
Cleaning up conventional technologies could have even more of a positive impact on the environment in the short term, he says.
The other ETF launched is based on The Cleantech Group’s Cleantech Index (CTIUS), which includes companies that address a broad range of issues, from cleaner water and materials to energy.
The ETF, the PowerShares Cleantech Portfolio (AMEX: PZD), is comprised of 75 companies who products or services contribute to sustainable agriculture and nutrition, air quality, enabling technologies, material and nano-technology, materials recovery and recycling, transportation and logistics, and water purification and management.
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