Troubled Chinese solar stock Hanergy has been dumped from the flagship solar exchange traded fund. The banged-up stock contributed to a steep fall in Guggenheim Solar (TAN), a $332.1 million ETF, in late May. Two other Guggenheim ETFs have also sold off all positions in Hanergy Thin Film Power Group, according to a representative for the company. "Once the underlying index providers made the decision to drop Hanergy, Guggenheim tried to assist in
Tuesday 30 June 2015
Bruised Solar Stock Hanergy Exits Guggenheim ETFs
Otmane El Rhazi from Investor's Business Daily - ETFs RSS.
Troubled Chinese solar stock Hanergy has been dumped from the flagship solar exchange traded fund. The banged-up stock contributed to a steep fall in Guggenheim Solar (TAN), a $332.1 million ETF, in late May. Two other Guggenheim ETFs have also sold off all positions in Hanergy Thin Film Power Group, according to a representative for the company. "Once the underlying index providers made the decision to drop Hanergy, Guggenheim tried to assist in
Troubled Chinese solar stock Hanergy has been dumped from the flagship solar exchange traded fund. The banged-up stock contributed to a steep fall in Guggenheim Solar (TAN), a $332.1 million ETF, in late May. Two other Guggenheim ETFs have also sold off all positions in Hanergy Thin Film Power Group, according to a representative for the company. "Once the underlying index providers made the decision to drop Hanergy, Guggenheim tried to assist in
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