Quick post – New Smart Grid ETF Launched (GRID)
The ETF landscape continues to expand. With the recent launch of new products from major players like Charles Schwab to smaller investment firms that specialize in focused industry areas, there is no shortage of choice for the individual investor. While many of these are often a spin on well established domestic/international/bond indexes there is occasionally a fund that comes along that stands apart from the rest of the crowd.
Launched a couple of days ago, First Trust’s/Clean Edge Smart Grid ETF (GRID) fills this criteria. The fund is built around companies that focus primarily on smart grid technology plays and aims to track the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index. This technology covers everything related to networks, energy storage, electric meters, enabling software and other elements involved in the electric infrastructure sector. Read more…
