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Two ETFs tracking wind energy stocks could see some changes to their top holdings if China Longyuan Power Group's December IPO is a success.
The PowerShares Global Wind Energy ETF (Nasdaq: PWND) and the First Trust Global Wind Energy ETF (NYSE: FAN)may eventually add Longyuan Power to their holdings as the company has a 24% share of China's wind energy market.
Both PWND and FAN have turned in admirable performances in 2009, gaining 36% and 23% year-to-date, respectively, but both are thinly traded issues.
The Longyuan IPO is planned for December 10. The offering is expected to be worth as much as $2.2 billion.