New ETF Rides, Flies, Sails Into Greener Transportation Pastures

Taking two great ideas and combining them together in one exchange traded fund (ETF) is what PowerShares does with their forthcoming transportation fund.

The PowerShares Progressive Transportation Portfolio (PTRP) is expected to list on NASDAQ on Sept. 18.

Global economic growth is increasing demand for sustainable transportation, but in most cases haven’t been matched by sustainable improvements within infrastructure, reports Robert Kropp for Sustainable Funds.

PTRP is based on the Wilder NASDAQ OMX Global Energy Efficient Transport Index. The four major transportation areas include land, sea, air and intermodal, alternative vehicles, rail and subway systems, and transportation innovation.The index tracks innovative and energy efficient transportation, by focusing on companies that are engaged in cleaner and improved means of transporting goods and people.

Last month, Claymore launched the Claymore/Delta Global Shipping (SEA), which gives exposure to the global shipping industry.

Other ETFs moving the world:

• iShares Dow Jones Transportation Average (IYT), up 12% year-to-date
• PowerShares WilderHill Clean Energy (PBW), down 32.3% year-to-date
• PowerShares Global Clean Energy (PBD), down 23% year-to-date
• Market Vectors Global Alternative Energy (GEX), down 19.7% year-to-date

For full disclosure, some of Tom Lydon’s clients own shares of IYT.

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