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What is the Clean Power ETF?
This ETF offers exposure to companies whose products and services are driving innovation in the clean energy sector, which includes the areas of solar, wind, geothermal and hydroelectric power. It follows the S&P Kensho Clean Power Index and holds 39 stocks in its basket with each accounting for less than 7.8% share.Which ETFs invest in alternative energy?
• The VanEck Vectors Low Carbon Energy ETF US:SMOG has a cap-weighted portfolio of 29 holdings of companies considered to derive at least 50% of their revenue from alternative energy. The largest holding is Tesla. • The Invesco Global Clean Energy ETF US:PBD invests at least half of its assets outside the U.S.What is the SPDR S&P kensho Clean Power ETF?
The SPDR S&P Kensho Clean Power ETF (CNRG) tracks the S&P Kensho Clean Power Index, which is a constituent of companies involved in advances in clean technology and clean energy. The fund has 82% exposure to the U.S., with a 5% exposure towards Canada, China and Brazil, respectively. The fund was launched in October 2018.How are ETF issuers ranked?
ETF issuers who have ETFs with exposure to Clean Energy are ranked on certain investment-related metrics, including estimated revenue, 3-month fund flows, 3-month return, AUM, average ETF expenses and average dividend yields. The metric calculations are based on U.S.-listed Clean Energy ETFs and every Clean Energy ETF has one issuer.