New York City, United States [RenewableEnergyWorld.com] The First Trust ISE Global Wind Energy Index Fund (FAN) is now trading on New York Stock Exchange (NYSE) Arca. It is the first exchange-traded fund (ETF) to be focused entirely on wind energy. FAN is designed to track the performance of the ISE Global Wind Energy Index.
The FAN Index provides a benchmark for investors interested in tracking public companies throughout the world that are active in the wind energy industry.
“It is exciting for First Trust to be first to market with our global wind energy ETF,” said Robert Carey, CFA, and CIO of First Trust Advisors L.P., the investment advisor of the ETF. “FAN allows investors to participate in the growth and development of global wind power generation through an index of international companies that are producing equipment and services for this important growth industry.”