RAYS Profile
The Global X Solar ETF (RAYS) is a specialized exchange-traded fund designed to track the performance of the Solactive Solar index. Launched on September 8, 2021, RAYS is issued by Global X, a prominent provider of thematic ETFs focused on emerging sectors and sustainable investing themes.
RAYS stands out by offering investors exposure to a globally diversified portfolio of solar energy companies. The Solactive Solar index, which forms the basis of RAYS, is meticulously constructed, weighting companies based on their market capitalization and revenue derived from solar-related activities. Additionally, the index incorporates rigorous environmental, social, and governance (ESG) criteria, ensuring that RAYS aligns with responsible investing principles.
Managed by Global X, RAYS leverages the firm's expertise in thematic investing and sustainable finance to optimize portfolio construction and enhance investor returns. The ETF's focus on the solar energy sector reflects its potential to benefit from ongoing global efforts to transition towards cleaner energy sources, driven by technological advancements and regulatory support.
Investors in RAYS gain access to Global X's commitment to innovation and sustainability, providing a vehicle to participate in the growth potential of the solar energy industry. The fund's launch underscores Global X's dedication to offering investment solutions that address both financial objectives and environmental considerations, positioning RAYS as a compelling choice for those seeking to capitalize on the expanding opportunities within renewable energy markets.
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