RNRG Profile
The Global X Renewable Energy Producers ETF is dedicated to providing investors with targeted exposure to the burgeoning renewable energy sector. Under normal market conditions, the fund allocates at least 80% of its total assets to securities included in its underlying index, as well as to American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) based on these securities. This approach ensures comprehensive coverage of the renewable energy landscape, spanning various forms of sustainable energy production.
The underlying index is specifically designed to track publicly traded companies that are actively involved in generating energy from renewable sources. This includes firms engaged in the production of wind, solar, hydroelectric, geothermal, and biofuels. The index also incorporates companies formed to own and manage operational assets that generate defined cash flows from renewable energy projects. By focusing on these areas, the fund aims to capitalize on the growth potential within the renewable energy sector.
Investing in the Global X Renewable Energy Producers ETF provides exposure to a diverse range of renewable energy technologies and industries. This diversified approach helps mitigate risks associated with individual technologies or companies while targeting the overall growth trajectory of the renewable energy market. The fund’s holdings encompass a broad spectrum of companies, from those developing innovative renewable technologies to those operating established energy production assets.
As a non-diversified fund, the Global X Renewable Energy Producers ETF is concentrated in the renewable energy sector, reflecting its commitment to this specific investment theme. The fund’s strategic focus on renewable energy producers aligns with broader global trends toward sustainability and clean energy, offering investors an opportunity to participate in the transition to a more sustainable energy future.
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