|Bid||15.54 x 1000|
|Ask||15.55 x 1000|
|Day's Range||15.46 - 15.59|
|52 Week Range||12.56 - 15.59|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||5.41%|
|Beta (5Y Monthly)||1.00|
|Expense Ratio (net)||0.62%|
Alternative energy assets continue grinding higher in 2020 and the First Trust Global Wind Energy ETF (FAN) is participating in that trend with a year-to-date gain of nearly 5%. The fund follows the ISE Clean Edge Global Wind Energy Index.
Global investment management firm Invesco is a veteran of the ETF game, and offers a plethora of products for investors who want to get knee-deep into everything from fixed income to smart beta. One trend the firm is seeing is more investor demand for funds that focus on renewable energy. According to a report in Investor’s Business Daily, Invesco has $1.2 trillion in assets under management, which include over $273 billion in ETFs.
Investors should take a look at clean energy sector exchange traded funds as renewable energy technologies experience rapid growth and greater adoption across the world. Among the best performing non-leveraged ...
It might be January with cold climate abound in most parts of the world, but it could be fun in the sun for solar energy investors throughout 2020 and beyond. As the world continues to move towards more energy sources that don’t rely on fossil fuels, solar is part of that ever-growing initiative. “Last year, SEIA (Solar Energy Industries Association) announced the 2020s would be the Solar+ Decade,” wrote Silvio Marcacci in Forbes “This year we are setting the wheels in motion.
Environmental, social and governance (ESG) is becoming an integral part of the investment space and as more investors clamor for funds that hone in on these initiatives, ETF providers are scrambling to give the people what they want. One of these areas is alternative energy, which will allow ETFs that center on wind and solar power to come into focus. "Coal and natural gas have been fighting for the top spot in the U.S. generation market for the last 20 years," wrote Charles Fishman in Morningstar.
The wind energy industry is comprised of a small number of pure-play companies and is dominated by major players that operate their wind energy business as a division or a subsidiary, such as General Electric Co.
Traditional sources of energy like oil are constantly being challenged by alternative sources as more green initiatives become paramount, which makes alternative energy ETFs an option when investors want exposure to the energy sector. “This year will likely be remembered as a period of technology consolidation rather than breakthrough innovation in the energy industry,” wrote Jason Deign in Green Tech Media. One ETF to look at is the Global X Lithium & Battery Tech ETF (LIT).
FAN, which is up more than 19% year-to-date, tracks the ISE Clean Edge Global Wind Energy Index. “ Companies in the index universe that are identified as providing goods and services exclusively to the wind energy industry are given an aggregate weight of 66.67% of the index. Last week, the American Wind Energy Association (AWEA) noted that the U.S. is now home to over 100 gigawatts (GW) of wind energy capacity.
Underscoring the strength in the clean energy ETF patch this year, the First Trust Global Wind Energy ETF (NYSE: FAN) is up just 13.17%, but some fundamental data indicate wind energy names could be credible alternative energy plays over the long term. FAN, which recently turned 11 years old, tracks the ISE Clean Edge Global Wind Energy Index. “Companies in the index universe that are identified as providing goods and services exclusively to the wind energy industry are given an aggregate weight of 66.67% of the index,” according to First Trust.
Today's investors have access to a growing number of green ETFs, allowing them to incorporate environmentally friendly strategies into their investment decisions. Exchange traded funds (ETFs) are investment funds that trade on a stock exchange.