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First Trust to market with its ISE Global Wind Energy Index Fund |
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Thursday, 19 June 2008 |
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The First Trust ISE Global Wind Energy Index Fund (NYSE
Arca: FAN) began trading on 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 Index provides a benchmark
for investors interested in tracking public companies throughout the world that
are active in the wind energy industry. The ISE Global Wind Energy Index is
owned and was developed by the International Securities Exchange LLC, in
consultation with Standard & Poor's, a division of The McGraw-Hill
Companies, Inc. The index is reconstituted and rebalanced semi-annually
according to the index methodology. The index is calculated and maintained by
Standard & Poor's.
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