First Trust Global: Blowing in the Wind

7/2 - "Wind power is a source of energy that is a renewable, clean, has a low operating cost and is a technology that's been around for over century," says Ian Cooper...The small cap specialist and editor of the SC Trading Pit explains, "That's why we're adding a position in First Trust ISE Global Wind Energy ETF (NYSE: FAN)., which lets you own 52 wind stocks at once."

"The nice thing about this ETF is that many of the holdings are non-US companies, meaning they're not reliant on news of green energy tax credits...Sixteen percent of the fund is allocated to the U.S. with some weighting in Denmark, Germany, the U.K. and Spain."

"UK ministers want a six-fold increase in the amount of energy generated by wind farms by 2020...An Energy Department study found that wind energy could generate 20% of U.S. electricity by 2030, as compared to today's 1%...Between 2005 and...