FRNW Profile
The Fidelity Clean Energy ETF is an investment fund that typically allocates at least 80% of its assets to securities that are part of its underlying index, including depositary receipts that represent these securities. This index is specifically engineered to capture the performance of a global array of companies engaged in the clean energy sector. It encompasses businesses of varying market capitalizations that are involved in the distribution, production, or provision of technology and equipment necessary for generating energy from renewable sources such as solar, wind, and hydrogen.
The ETF aims to provide investors with exposure to a diverse range of companies that are actively contributing to the transition towards a more sustainable energy landscape. This includes firms involved in the development of advanced technologies for clean energy production, as well as those providing essential infrastructure and equipment for the renewable energy sector. By focusing on this industry, the fund seeks to benefit from the growth and innovations driving the global shift towards renewable energy.
With a global investment mandate, the fund targets companies across various international markets, thereby offering broad exposure to the clean energy sector worldwide. This international reach allows the ETF to tap into emerging and developed markets, capturing opportunities from different regions that are advancing renewable energy initiatives. Despite its global focus, the fund is non-diversified, concentrating its investments specifically in the clean energy sector, which may introduce sector-specific risks and volatility.
The fund's approach aligns with broader investment trends favoring environmental sustainability and clean energy. By concentrating on companies dedicated to renewable energy solutions, the Fidelity Clean Energy ETF positions itself to capitalize on the long-term growth potential of the clean energy market. The fund's strategy reflects a commitment to investing in sectors poised for significant development in response to global environmental challenges and policy shifts towards sustainable energy sources.
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