First Trust Global Wind Energy ETF (ARCA: FAN)

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First Trust Global Wind Energy ETF

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The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks and depositary receipts that comprise the index. The index provides a benchmark for investors interested in tracking public companies throughout the world that are active in the wind energy industry. In order to be eligible for inclusion in the index, a security must be issued by a company that is actively engaged in some aspect of the wind energy industry. The fund is non-diversified.

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The Conference of the Parties (COP) 29 summit brought global leaders to Baku, Azerbaijan, for an 11-day session to address climate change, carbon market mechanisms and <a href="https://www.benzinga.com/topic/green-energy">climate finance</a>.
Hosted in a country heavily reliant on fossil fuels, the event is a mix of urgency and controversy, particularly after BBC<a href="https://www.bbc.com/news/articles/crmzvdn9e18o"> reported</a> local representatives engaging in oil and gas deals.
Still, the primary focus of its first days is establishing the rules for a global carbon market — a move aimed at helping countries meet emissions targets by trading carbon credits.
This mechanism, intended to fund projects that reduce emissions globally, allows wealthy countries to purchase credits from those with lower emissions, thus offsetting their carbon output.
The stakes are high at COP29, particularly with pressing issues such as funding for climate-vulnerable countries and updating climate targets. The attendees will discuss the succession of the annual $100 billion pledged by developing nations, as the sum may need to be raised significantly to account for the <a href="https://www.benzinga.com/markets/esg/24/10/41621596/net-zero-by-2050-might-cost-the-world-78-trillion-wood-mackenzie-estimates">increasing impact of climate change</a>. This finance component is critical for maintaining trust between rich and poor nations, especially as commitments still need to be met.
"I'm as frustrated as anyone that one single COP can't deliver the full transformation that every nation needs… [but] it is here that parties need to agree a way out of this mess. That's why here in Baku, we must agree on a new global climate finance goal,"<a href="https://unsdg.un.org/latest/stories/ambitious-new-climate-finance-goal-entirely-self-interest-every-single-nation-un"> said</a> the U.N. climate chief Simon Stiell.
The upcoming inauguration of U.S. President-elect Donald Trump in January 2025 gives participants a dose of doubt. During his previous term, Trump withdrew the U.S. from the Paris Agreement and rolled back numerous environmental regulations.
Analysts anticipate a similar approach, potentially hindering U.S. contributions to global climate finance. Trump's return could <a href="https://www.benzinga.com/news/24/11/41883635/trump-looks-to-undo-biden-climate-progress-with-burgum-as-energy-czar-report">exacerbate tensions</a>, mainly as he has been vocal about downplaying climate initiatives.
Still, greenlighting the carbon credit quality standards on the first day provides an opportunity for a U.N.-backed global carbon market that would fund critical projects.
Juan Carlos Arredondo Brun, a former climate negotiator for Mexico and now a director at a carbon market data company Abatable, noted this development &#8220;will bring us closer to operationalizing the carbon market before any single party may decide to move away from the Paris Agreement,"<a href="https://www.reuters.com/markets/commodities/cop29-countries-endorse-global-carbon-market-framework-2024-11-11/"> per</a> Reuter's report.
The carbon market, increasingly popular among corporations seeking to offset their emissions, has some of the largest buyers in the energy and automotive sectors. Shell (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>), Volkswagen (OTCPK: VWAGY), and Takeda (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAK#NYSE">TAK</a>) were the top three companies retiring carbon credits in 2023.
Shell led with 16 million credits, primarily from forestry projects, while Volkswagen retired eight million credits linked to renewable energy and reforestation. Pharmaceutical giant Takeda contributed nearly three million credits to reduce non-CO2 greenhouse gases.
A standardized carbon market could be a lifeline for U.S. companies committed to carbon-emission goals. Notable examples include Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), which is delaying the launch of a next-generation all-electric pickup truck and has <a href="https://www.benzinga.com/top-stories/24/08/40496864/ford-scraps-electric-suv-as-it-adjusts-to-lower-electric-vehicle-demand">scrapped the development</a> of a new three-row electric SUV. Yet, the management has confirmed it will seek to comply with emissions targets, including purchasing carbon credits as needed.
The COP29 conference will run until Nov. 22. Setting a new annual budget could significantly impact clean energy investments. Investors should watch iShares Global Clean Energy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLN#NASDAQ">ICLN</a>) and sub-sector ETFs like the Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) and First Trust Global Wind Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FAN#NYSE">FAN</a>).
Read Next:
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<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41914599/trump-led-market-honeymoon-faces-crucial-test-with-wednesdays-inflation-data">Trump-Led Market Honeymoon Faces Crucial Test With Wednesday&#8217;s Inflation Data</a></li>
</ul>
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iShares S&P Global Clean Energy Index Fund

ICLN

SHEL

VWAGY

Urgency, Debate Mark COP29 As Leaders Push For Carbon Market Rules, Worry About Trump

First Trust Global Wind Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FAN#NYSE">FAN</a>), which follows the wind energy industry, is up 4% since January and <a href="https://www.benzinga.com/topic/wind">6.6% in the past year</a>.
The coal industry, meanwhile, has been facing setbacks from the investment community for several years. 
The obvious shift to <a href="https://www.benzinga.com/topic/clean-energy">clean energy sources</a> hasn't yet been enough to declare coal's definitive demise, but concerns over climate change from fossil fuel burning have caused many firms and individuals to drop coal-related holdings.
However, continued dependence on coal burning abroad continues to be a lifeline for coal companies in the U.S., pushing the industry into a sharp contrast to the clean energy sector, which has struggled to outperform the market in 2024.
<h3 class="wp-block-heading">Is Coal Dead? Some Don't Think So</h3>
In 2020, the market saw the shutdown of VanEck Vectors Coal ETF, which was at the time the only remaining ETF following the coal industry.
At the time, fund manager BlackRock Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) said the firm's actively managed funds would no longer hold shares of companies deriving more than 25% of revenues from the thermal coal business, Barrons <a href="https://www.barrons.com/articles/the-only-coal-etf-is-closing-what-it-means-for-investors-51608225200">reported</a>.
In turn, many investors and firms have switched towards environmentally-friendly energy stocks and ETFs.
Yet some in the industry continue to believe there's a case for investing in coal.
In January of this year, Range ETFs, a firm dedicated to running ETFs around niche themes, launched the Range Global Coal Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COAL#NYSE">COAL</a>) which provides exposure to companies involved in the production, exploration, development, transportation, and distribution of coal.
Since its launch, the price of the ETF oscillated between $21 and $26 and is $22.6 at the time of this writing, with year-to-date gains of 0.86%.
In an investment document, Range claims there is still an investment case for coal, in spite of an obvious global trend to detach from it.
Demand for coal actually grew on a global scale between 2021 and 2022, led by China and India, according to the International Energy Agency.
Coal burning represents 16.2% of the total utility-scale electricity generation in the U.S., according to the latest data from the Energy Information Administration and 36% on a global scale.
In the U.S., the firm says, "‘energy security' as one element of national security." This means that the government will continue to guarantee the availability of reliable energy sources to make up for possible gaps in energy supply stemming from green energy production.
Read also: <a href="https://www.benzinga.com/markets/equities/24/08/40333362/teslas-elon-musk-warns-against-vilifying-oil-and-gas-industry-in-trump-interview-cautions-agains">Tesla&#8217;s Elon Musk Warns Against Vilifying Oil And Gas Industry In Trump Interview, Cautions Against Rushing With Sustainable Energy Transition: &#8216;It&#8217;s Not Like The House Is On Fire Immediately&#8217;</a>
In June, the coal industry was affected by election results in India, which gave investors the idea that the country might not continue with a plan to upsize its coal use, though <a href="https://www.benzinga.com/markets/asia/24/06/39173971/coal-stocks-take-a-breather-as-trading-sentiment-sours-in-commodities-markets-was-the-election-in-in">some analysts called it a natural market correction</a> from an "overbought" sector.
The balance between trends running against "dirty" energy sources and short-term tailwinds for the coal industry have resulted in varying performances for some of its largest players over the past year.
<ul>
<li>Shares of Peabody Energy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTU#NYSE">BTU</a>), which is the largest coal producer in the U.S. are down 7.7% since January but up 2.3% in the past year.</li>
<li>The second largest producer, Arch Resources Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCH#NYSE">ARCH</a>) has performed a lot worse in 2024, with shares down over 24% since January. According <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40363492/top-3-energy-stocks-that-may-rocket-higher-this-quarter">to data from Benzinga Pro</a>, the stock appears oversold and its share price could rise this year.</li>
<li>Warrior Met Coal Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCC#NYSE">HCC</a>) shares are up 49% in the last year.</li>
</ul>
<h3 class="wp-block-heading">Wind Beats Solar In 2024</h3>
<a href="https://www.benzinga.com//node/40379430">A Benzinga technical analysis from this week</a> showed that EV maker Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) could be up for a rebound after losing almost 13% of its value since January.
Other companies in the clean energy sector, however, could be struggling more.
Shares in the iShares Global Clean Energy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLN#NASDAQ">ICLN</a>) are stuck in a pattern that technical analysts call the "death cross," which occurs when the 50-day moving average crosses below its long-term moving average of 200 days. The fund is down 8% since January and 12% in the last year.
 The solar energy sector has been struggling more than wind. Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>), which follows the solar sector, has also performed poorly in recent periods. The fund is down 22% since January and 30% in the past year.
Now Read:
<ul>
<li><a href="https://www.benzinga.com//node/40359364">Bill Gates, Jeff Bezos, And Jack Ma-Backed Breakthrough Energy Ventures Nears $1B Goal For Climate-Focused Fund</a></li>
</ul>

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ARCH

COAL

TSLA

Is Coal Dead? Wind Just Ate Its Lunch This Year — 7 Energy ETFs To Watch In 2024

Due to the trade, investment&nbsp;and financial ties between the warring nations, <a href="https://www.benzinga.com/topic/russia-ukraine-war">the invasion of Ukraine by Russia</a> has significantly dimmed the outlook for global economic growth.
With Russia cutting off its gas supplies to Europe, billionaire philanthropist&nbsp;Bill Gates sees a silver lining to the conflict.
What Happened: Featured in a CNBC <a href="https://www.cnbc.com/video/2022/10/18/we-need-to-make-the-green-way-far-less-expensive-than-it-is-today-says-breakthrough-energy-founder-bill-gates.html?__source=twitter|main">interview</a> on earlier in October, Gates was on to talk about Breakthrough Energy, an orginazation he started seven years ago&nbsp;that aims to accelerate innovation in sustainable energy&nbsp;in an effort to bring together private capital, public funding and&nbsp;philanthropy to fight climate change.
He&rsquo;s enlisted BlackRock Inc&rsquo;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/blk#NYSE">BLK</a>) Larry Fink, members of the Biden administration&nbsp;and others to build a $2.25-billion venture capital fund that supports over 100 companies that&nbsp;fight climate change.
&quot;[The war is] good for the long run because people won&#39;t want to be dependent on Russian natural gas,&rdquo; Gates said, explaining how those countries depending on Russian natural gas are transitioning to new approaches.
&ldquo;So they&#39;ll move to these new approaches more rapidly.&quot;
Why It&nbsp;Matters: The new approaches, which Gates referred to as &quot;the energy transition&quot; in a blog <a href="https://www.gatesnotes.com/Energy/2022-State-of-the-Energy-Transition">post </a>on Tuesday, are a pipeline of innovations in investment, policies&nbsp;and general public awareness that countries secure more energy security if the they can reduce annual greenhouse gas emissions from 51 billion tons to zero.
Unfortunately, the Ukrainian conflict and the ensuing energy crisis are straining the continent&#39;s expanding climate agreement. Recent investments made by several nations in new fossil fuel projects only serve to compound an already pressing issue.
Ultimately, net zero and energy security are two sides of the same coin. &ldquo;Clean-energy innovations are the only way to achieve either one,&rdquo; Gates outlined in his post.
&ldquo;I am optimistic about what people are capable of in a crisis, and in the long run, I wouldn&rsquo;t bet against us,&rdquo; Gates said. &ldquo;Unfortunately, we don&rsquo;t have the luxury of a long run. We have already achieved many energy breakthroughs. We need to achieve more, faster, to avoid a climate disaster.&rdquo;
Photo via Shutterstock.

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Bill Gates Sees This Small Silver Lining In The Russia-Ukraine War

ACES

RNRG

President Biden Says It Should Motivate U.S. To Accelerate Move To Cleaner Energy

From Enbridge Earnings Conference Call: Co. Mgmt. Watching Inflation In Offshore Wind, Is Taking A Cautious Approach To New Projects

Both politicians and stock market analysts are talking about the green energy revolution. This refers to the eventual conversion from fossil fuels into energy production that causes less pollution.
Two of the most widespread types of clean energy are solar and wind power.
There are ETFs that invest in these industries. They include the Invesco Solar ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tan#NYSE">TAN</a>) and First Trust Global Wind Energy ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fan#NYSE">FAN</a>).
TAN is designed to track the MAC Global Solar Energy Index. It invests at least 90% of its assets in companies in the solar energy industry.
<img alt="tan_2.png" src="https://www.benzinga.com/files/u344550/tan_2.png" style="height:400px; width:640px" /> 
FAN is designed to track the ISE Clean Edge Global Wind Energy Index. It invests in companies that are either directly or indirectly in the wind energy industry.
<img alt="fan_1.png" src="https://www.benzinga.com/files/u344550/fan_1.png" style="height:400px; width:640px" />

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2 ETFs For The Green Energy Revolution

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CSIQ

ENPH

FSLR

ISUN

SEDG

SPWR

UPDATE: Seeing Traders Circulate News U.S. Solar Manufacturers Would Get Tax Break From Senator Ossoff's Tax Credit; Watching Solar Stocks

<a href="https://www.whitehouse.gov/briefing-room/statements-releases/2021/05/25/fact-sheet-biden-administration-opens-pacific-coast-to-new-jobs-and-clean-energy-production-with-offshore-wind-development/" title="https://www.whitehouse.gov/briefing-room/statements-releases/2021/05/25/fact-sheet-biden-administration-opens-pacific-coast-to-new-jobs-and-clean-energy-production-with-offshore-wind-development/">https://www.whitehouse.gov/briefing-room/statements-releases/2021/05/25/fact-sheet-biden-administration-opens-pacific-coast-to-new-jobs-and-clean-energy-production-with-offshore-wind-development/</a>

'Biden Administration Opens Pacific Coast to New Jobs and Clean Energy Production with Offshore Wind Development' -Recent Post From White House

Many analysts predict that certain companies will be beneficiaries of the Biden administration&#39;s energy policy. A number of these companies will be in the alternative energy industry. They will be given tax breaks and subsidies designed to help them prosper.
It will be hard to predict which companies will benefit the most, so investors could consider alternative energy ETFs instead of buying individual stocks. These ETFs invest in numerous stocks of many companies, and this ensures diversity.
They include the First Trust Global Wind Energy ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fan#NYSE">FAN</a>), the Invesco Solar ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tan#NASDAQ">TAN</a>), and the Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/driv#NASDAQ">DRIV</a>).
See Also: <a href="https://www.benzinga.com/government/19/02/13118926/what-a-green-new-deal-could-mean-for-freight">What A Green New Deal Could Mean For Freight</a>
FAN tracks the ISE Clean Edge Global Wind Energy Index. The Index is composed of companies in the wind energy industry. FAN holds the stocks of 51 different companies&nbsp;primarily focused on windmills and wind turbines.
<img alt="fan_0.png" src="https://www.benzinga.com/files/u344550/fan_0.png" style="height:400px; width:640px" />
TAN holds the companies that are in the MAC Global Solar Energy Index, all companies in the solar power industry. TAN holds the stocks of about 50 companies.
<img alt="tan_0.png" src="https://www.benzinga.com/files/u344550/tan_0.png" style="height:400px; width:640px" />
DRIV follows the Solactive Autonomous &amp; Electric Vehicles Index. The index tracks the price movements in shares of companies that are active in the electric vehicles industry. They include manufacturers, component producers&nbsp;and raw materials companies. The fund holds the stocks of about 80 companies.
<img alt="driv.png" src="https://www.benzinga.com/files/u344550/driv.png" style="height:400px; width:640px" />

Technicals

DRIV

3 ETFs The Could Profit From A Green New Deal

A trio of exchange-traded funds&nbsp;that will benefit from President Joe Biden&#39;s tax plan could be about to break out.
These ETFs invest in alternative energy companies: First Trust Global Wind Energy ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fan#NYSE">FAN</a>), the Invesco Solar ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tan#NYSE">TAN</a>), and the iShares Global Clean Energy ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/icln#NASDAQ">ICLN</a>).
Increasing taxes will be a drag on many parts of the economy. Higher taxes mean fewer profits. However, some areas of the economy may do well under the Biden tax plan and the Green New Deal. These include alternative energy companies.
See Also: <a href="https://www.benzinga.com/news/21/04/20752124/whos-saving-the-planet-podcast-host-on-carbon-offsets">&#39;Who&#39;s Saving The Planet?&#39; Podcast Host On Carbon Offsets</a>
The First Trust Global Wind Energy ETF is testing resistance at the $22.80 level. If this resistance breaks, it could make a move higher.
Resistance is a concentration of sellers. In this case, they have gathered at the $22.80 level, which has kept a ceiling on&nbsp;shares.
If FAN trades above $22.80, it will mean the sellers have left the market. Buyers will need to pay higher prices, which&nbsp;will force FAN to rally.
<img alt="fan.png" src="https://www.benzinga.com/files/u344550/fan.png" style="height:400px; width:640px" />
The Invesco Solar ETF has broken its recent downtrend. This means it may be about to move higher.
When markets are rallying, the bulls are in control. When they&#39;re moving lower, the bears are in charge. The break of a downtrend line shows the leadership may be changing.
TAN has broken the downtrend that began in February. The bulls may be about to take over and drive the price higher.
<img alt="tan.png" src="https://www.benzinga.com/files/u344550/tan.png" style="height:400px; width:640px" />
The iShares Global Clean Energy ETF has also broken its recent downtrend. Shares could be setting up for another move higher here as well.
<img alt="icln.png" src="https://www.benzinga.com/files/u344550/icln.png" style="height:400px; width:640px" />
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Government

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3 ETFs That Should Benefit From Biden's Tax Plan And Could Break Out Soon

Watching Wind ETF (Ticker 'FAN') Following Report Biden Admin. Has Announced Plan To Deploy 30GW Of US Offshore Wind Energy By 2030, Plan Includes Opening Area Off New York, New Jersey To Wind Leasing

WIIM

BABA

BIDU

BZUN

New Oriental Education & Technology Group

HTHT

HUYA

NTES

SINA

Shares of several Chinese companies are trading higher. New coronavirus cases in China have reportedly began leveling off, raising hopes of stability.

Broadly speaking, alternative energy exchange traded funds are performing well this, but there are some members of this group that are disappointing.
<h3>What Happened</h3>
Underscoring the strength in the clean energy <a href="https://www.benzinga.com/trading-ideas/long-ideas/19/08/14176403/this-clean-energy-etf-is-cleaning-up">ETF patch this year,</a> the First Trust Global Wind Energy ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fan#NYSE">FAN</a>) is up just 13.17%, but some fundamental data indicate wind energy names could be credible alternative energy plays over the long term.
FAN, which recently turned 11 years old, tracks the ISE Clean Edge Global Wind Energy Index.
&ldquo;Companies in the index universe that are identified as providing goods and services exclusively to the wind energy industry are given an aggregate weight of 66.67% of the index,&rdquo; <a href="https://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=FAN">according to First Trust</a>.
&ldquo;Those companies determined to be significant participants in the wind energy industry despite not being exclusive to such industry are given an aggregate weight of 33.33% of the index. This weighting is done to ensure that companies that are exclusive to the wind energy industry, which generally have smaller market capitalizations relative to their multi-industry counterparts, are adequately represented in the index.&rdquo;
<h3>Why It&#39;s Important</h3>
Along with solar, wind power is the leader in clean energy adoption around the world, but most of that adoption is outside the U.S. FAN reflects the global nature of the wind energy business with exposure to 10 countries, led by Denmark at 18.19%. Half of FAN&#39;s country exposures are European nations, reflecting that region&#39;s above-average adoption of wind power.
&ldquo;The offshore wind industry will continue to witness a healthy growth driven by rapidly falling costs due to economies of scale and new technology developments,&rdquo; <a href="https://ihsmarkit.com/research-analysis/strong-winds-in-the-sails-of-the-offshore-wind-industry.html">said IHS Markit in a recent note</a>.
&ldquo;Currently, over 61 GW worth of capacity are under different stages of development, mostly concentrated in mainland China and Europe. Emerging markets such as Japan, South Korea, Taiwan, Vietnam, and the United States will appear shortly on the global stage.&rdquo;
FAN devotes nearly 12% of its combined weight to China and Japan. China, the world&#39;s second-largest economy, is actively trying to reduce its massive pollution footprint.
<h3>What&#39;s Next</h3>
As is the case with other clean energy options, declining costs are among the positive factors seen boosting wind adoption.
&ldquo;Costs will continue to decline owing to technological improvements across the value chain including new generations of turbines, foundations, substations, cables, installation and operations and maintenance (O&amp;M) services, and ports and vessels sustaining the development of offshore wind,&rdquo; according to IHS Markit.
Related Links:
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Fundamental Gusts Can Propel A Wind Power ETF

AMZN

Amazon Reports 3 New Renewable Energy Projects: Will Deliver Wind-Generated Energy Totaling Over 229 MW Of Power

Futures

JASO

House Republican Tax Bill Includes Elimination Of $7.5K Electric Vehicle Tax Credit In '18, Will Phase Out Energy Tax Credits Including Solar, Geothermal, Wind

Amazon Reports Launch Of Amazon Wind Farm Texas; Adds 1,000,000 MWh Of Clean Energy Grid Each Year

You might have heard this is a presidential election year. In ETF Land, that means plenty of folks will be pontificating about which funds should outperform and lag if Democrat Hillary Clinton or Bernie Sanders wins. These prognosticators are also trying to figure out which ETFs are destined for greatness and disappointment if Republican Donald Trump wins.
For the purposes of this article, the guess is that Clinton wins. <a href="http://www.realclearpolitics.com/epolls/latest_polls/president/">Recent polls</a> support that guess; but to be clear, neither this writer nor Benzinga is endorsing either candidate. Again, this writer is not revealing his political leanings.
Now, the good part: Rejecting what is perhaps the worst election year ETF advice floating around out there. That being buying alternative energy ETFs if Clinton wins. This investment theory is too cute to be valid, because it is almost entirely based on the assumption that Democrats are usually more in favor of solar, wind and related energy sources than Republicans are.
<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/analyst-ratings/analyst-color/16/05/7966511/long-term-investors-shouldnt-fear-the-2016-u-s-election">Long-Term Investors Shouldn't Fear the 2016 U.S. Election</a></bzrelatedlink>
<h3>Democrat In The House, Alternatives For The Win?</h3>
While acknowledging that past performances are not guarantees of future returns, the returns of some well-known alternative energy ETFs during the current bull market, for which Democrat President Barack Obama has been in office over its duration, are not worth writing home about.
President Obama had good timing. He took the oath of office just a few weeks before March 10, 2009 &mdash; the start of the current bull market. However, that marked the start of some bad times for alternative energy ETFs. That is not necessarily President Obama&#39;s fault, but it does poke holes in the theory that a Democrat in the White House is good for alternative energy ETFs.
<h3>Historical Performance</h3>
For example, the Guggenheim Solar ETF (NYSE: <a class="ticker" href="/stock/tan#NYSE">TAN</a>) has lost 50 percent during the current bull market. In 2012, the year in which President Obama was reelected, TAN <a href="http:// https://guggenheimpartners.com/news/guggenheim-announces-reverse-share-split">was reverse split</a>...twice.
The PowerShares WilderHill Clean Energy(ETF) (NYSE: <a class="ticker" href="/stock/pbw#NYSE">PBW</a>) has also been a dud during this bull market, shedding nearly 34 percent.
To be fair, the First Trust NASDAQ Clean Edge US (ETF) (NASDAQ: <a class="ticker" href="/stock/qcln#NASDAQ">QCLN</a>) and the First Trust Global Wind Energy (ETF) (NYSE: <a class="ticker" href="/stock/fan#NYSE">FAN</a>) are up 56.7 percent and 40.2 percent, respectively during the current bull market.
But are those performances really something to brag about when remembering the S&amp;P 500 is up almost 230 percent since March 10, 2009?

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QCLN

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The wind park at Jouttikallio, around 80 km from Vaasa, has a capacity of 21 megawatts and will satisfy the electricity demands of around 12,600 households. The project has been granted all the permits necessary for construction and is expected to be commissioned and delivered to Allianz at the end of 2016. OX2 will continue to be responsible for the commercial and technical management of the wind farm.
"Entering the Finnish market is another important milestone this year for us. Finland is a promising European wind market and it will help us to increase and further diversify our renewables portfolio", said David Jones, Head of Renewables at Allianz Capital Partners. "We are pleased to expand our relationship with OX2 and we look forward to working with them on the successful long-term operation of this wind farm."
"We are proud that Allianz has once again shown its confidence in us, and we are looking forward to building and delivering another wind farm for them, this time in Finland", said Paul Stormoen, Managing Director of OX2 Wind.
Allianz's commitment to the European renewable energy sector exceeds 2.5 billion euros in 55 wind farms and 7 solar parks. ACP's wind and solar portfolio generates sufficient renewable energy to supply over 800,000 households which is comparable to a city the size of Barcelona. Allianz's current renewable energy portfolio is located in France, Germany, Italy, Sweden, Austria and now in Finland.
The parties have contractually agreed not to disclose the purchase price. The transaction is subject to certain closing conditions and is expected to close by end of January 2016.

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AZSEY

Allianz Acquires Wind Park in Finland; Terms Not Disclosed

First Trust Global Wind Energy (ETF) (NYSE: <a class="ticker" href="/stock/fan#NYSE">FAN</a>), looks to be breaking out on a weekly chart!

	This made up of Companies in the index universe that are identified as providing goods and services exclusively to the wind energy industry are given an aggregate weight of 66.67% of the index.

	Those companies determined to be significant participants in the wind energy industry despite not being exclusive to such industry are given an aggregate weight of 33.33% of the index.This weighting is done to ensure that companies that are exclusive to the wind energy industry, which generally have smaller market capitalization&rsquo;s relative to their multi-industry counterparts, are adequately represented in the index.

	<img alt="" src="https://i1.wp.com/captainjohncharts.com/wp-content/uploads/2015/12/Fan-Final.png?w=1231" style="width: 650px; height: 370px;" />

	The momentum is also supportive, as the RSI has made higher lows while price was flat to down. This price action is bullish in our opinion.

	Let&rsquo;s see if we can clear resistance on the weekly here.

	&nbsp;

	<img alt="" src="https://i0.wp.com/captainjohncharts.com/wp-content/uploads/2015/06/cjsig.png?resize=624%2C218" style="width: 400px; height: 140px;" />

	&nbsp;

	This post was originally shared on <a href="http://captainjohncharts.com/you-might-want-to-become-a-fan-of-this/">Captain John&#39;s Charts</a>

Is FAN ETF Worth Becoming A Fan Of?

This has been another rough year in the energy patch as the sector is the worst-performing group in the S&amp;P 500. Down almost 20 percent this year, the Energy Select Sector SPDR (NYSE: <a class="ticker" href="/stock/xle#NYSE">XLE</a>) is the worst performer among the nine sector SPDR exchange traded funds while Exxon Mobil Corporation&nbsp;(NYSE: <a class="ticker" href="/stock/xom#NYSE">XOM</a>) and Chevron Corp. (NYSE: <a class="ticker" href="/stock/cvx#NYSE">CVX</a>), the two largest U.S. oil companies, are two of the worst-performing stocks in the Dow Jones Industrial Average.

	It has not just been equity-based oil ETFs that have disappointed. Slumping oil prices have been a drain on some alternative energy funds. Just look at the Guggenheim Solar ETF (NYSE: <a class="ticker" href="/stock/tan#NYSE">TAN</a>). <a href="http://www.benzinga.com/analyst-ratings/analyst-color/15/12/6055393/solar-etfs-could-brighten-in-2016">Solar stocks still have an oil problem</a>&mdash; as in falling oil prices are problematic for the solar industry because inexpensive oil takes some of the shine off alternative fuel sources. As a result, TAN, the largest solar ETF, is off nearly 7 percent this year.
<h3>
	Bright Spot</h3>

	That does not mean all alternative energy ETFs have been duds this year. The First Trust ISE Global Wind Energy ETF (NYSE: <a class="ticker" href="/stock/fan#NYSE">FAN</a>) is up more than 13 percent year-to-date, making it the best-performing energy ETF of any stripe.

	The $44.1 million FAN, which debuted 7 1/2 years ago, follows the capitalization-weighted ISE Global Wind Energy Index. FAN&#39;s index requires companies to have market values of at least $100 million to be included and those firms &ldquo;must be actively engaged in some aspect of the wind energy industry such as the development or management of a wind farm, the production or distribution of electricity generated by wind power, involvement in the design, manufacture or distribution of machinery or materials designed specifically for the wind energy industry,&rdquo; <a href="http://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=FAN">according to First Trust</a>.

	Earlier this year, some major U.S. banks pledged to boost investments in alternative energy. In late September, six companies, including JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley&nbsp;pledged to cooperate to raise investments in renewable energy, reports <a href="http://www.cnbc.com/2015/09/28/wall-street-goes-all-in-on-climate-policy.html">CNBC</a>.

	Home to 43 stocks with a median market value of $4.7 billion, FAN&#39;s holdings hail from 10 countries. Including Hong Kong as part of China, Chinese stocks account for over 13 percent of FAN&#39;s weight with developed markets occupying the rest of the ETF&#39;s geographic weight. Spain is FAN&#39;s largest country weight at 21.2 percent while U.S. are the ETF&#39;s third-largest geographic allocation at 12.8 percent.

	Familiar names in FAN&#39;s lineup include Duke Energy Corp. (NYSE: <a class="ticker" href="/stock/duk#NYSE">DUK</a>), BP Plc (NYSE: <a class="ticker" href="/stock/bp#NYSE">BP</a>) and General Electric Company&nbsp;(NYSE: <a class="ticker" href="/stock/ge#NYSE">GE</a>). FAN is up nearly 5 percent in the past month, prompting some positive chatter about the ETF&#39;s technical situation.

	&ldquo;The momentum is also supportive, as the RSI has made higher lows while price was flat to down. This price action is bullish in our opinion,&rdquo; according to <a href="http://captainjohncharts.com/">Captain John Charts</a>.

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