Mark Henwood

Morningstar Gets an ETF Clue. Huzzah!

These two ETF providers have definitely overreached with a wind-only ETF. There are only 12 pure play wind companies traded that have reasonable market cap, greater than 50% of their business in wind and met other criteria needed to form an ETF. Until GE, E.ON and the like spin out their wind business investing in these ETFs is like buying congolomerates or utilities.