ACES - Global X plans new solar- and wind-power ETFs even as green energy stumbles

Global X is bolstering its ETF lineup by launching two new green-energy ETFs -- the Global X Solar ETF: RAYS and the Global X Wind Energy ETF: WNDY. With the addition of the two new funds, Global X will operate 86 ETFs that have a total of $36.5B in assets under management. Here's a breakdown of the two ecofriendly ETFs: Global X Solar ETF  This ETF aims to generally track the Solactive Solar Index, which Global X wrote in the fund's prospectus seeks to “provide exposure to companies that are positioned to benefit from further advances in the field of solar technology.” The index includes businesses that derive at least 50% of revenues from solar-energy materials and components, solar power production and technology and similar areas. The ETF will have an expense ratio of 0.50%. Global X's new ETF will compete for market share against the pure-play solar energy fund Invesco Solar

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Global X plans new solar- and wind-power ETFs even as green energy stumbles