Energy: Record oil driving interest in solar, fund managers say

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Energy: Record oil driving interest in solar, fund managers say

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8th-May-2008, 11:24 AM

LMagic007

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Energy: Record oil driving interest in solar, fund managers say

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New alternative energy mutual fund, ETF debut
Claymore and Firsthand Capital launch funds as oil prices spike

NEW YORK (MarketWatch) -- With the equities market lodged in the red this year and new issues stuck in park, it may not seem like a great time to roll out new mutual funds or ETFs, even in the alternative energy space.

But with oil prices spiking toward $125 a barrel and energy demand continuing to grow, two new products from ETF firm Claymore Securities Inc. and a small mutual fund from Firsthand Capital Management hope to tap into sunnier market conditions for solar stocks.

Record oil driving interest in solar, fund managers say - MarketWatch

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