Claymore Securities introduced a new ETF on Tuesday called Claymore/MAC Global Solar Index , explains Dylan Ratigan. Essentially it tracks solar and clean energy stocks.
“At its inception, TAN gives investors access to a global portfolio of 25 leading solar companies with a combined market capitalization of close to $100 billion,” explains Christian Magoon, President of Claymore Securities, in a first on Fast Money interview.
“The availability of this product acknowledges the maturing of the solar energy industry and investor interest in funding solar power development,” he adds
Top 5 Fund Holdings
First Solar - 8.77 %
Renewable Energy Corp - 7.45 %
Q-Cells - 6.44 %
Suntech Power Holdings - 6.19 %
Ja Solar Holdings - 5.25 %
Traders what do you think?
I’m skeptical of ETF’s in general, says Pete Najarian. The volume can get too shallow and they can get too expensive from time to time.