The Sun Shines Brightly On Clean, Green ETF

The Sun Shines Brightly On Clean, Green ETF: "The Sun Shines Brightly On Clean, Green ETF August 13, 2007: 08:05 PM EST Aug. 13, 2007 (Investor's Business Daily delivered by Newstex) -- It can be easy being green -- if you look in the right place. For investors with a piece of PowerShares WilderHill Clean Energy (NASDAQ:CLNE) Fund PBW, in fact, it's a breeze. The small-cap growth exchange traded fund tracks the performance of the WilderHill Clean Energy Index, which focuses on clean and renewable energy providers. Founded by former environmental technology researcher Robert Wilder, the two-year-old fund holds 43 stocks with an average market cap of $1.2 billion. It's the largest of its kind. While it has been a volatile performer over the past year because of its tight focus, it was the best performing ETF last week. The fund's year-to-date return, as of Monday, was slightly more than 22%. Outperformer The fund's IBD Relative Strength Rating has jumped from 55 in April to 86 as of Monday. This is in spite of the fund's earnings per share falling 14% this year, from $22.38 in 2006 to $19.29 in 2007. So what's with the strong performance? The top-10 holdings have taken a slight hit the past couple of days along with the rest of the market. But analysts note there's an ever-increasing demand for alternative energy, es"