FRNW
Fidelity Clean Energy ETF
📎 Investment Objective
The Fidelity Clean Energy ETF (FRNW) seeks to provide investment results that correspond, before fees and expenses, to the performance of the Fidelity Clean Energy Index, which is designed to reflect the performance of companies involved in the clean energy industry.
Overview
ETF tracking Fidelity Clean Energy ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Fidelity Clean Energy ETF (FRNW) seeks to provide investment results that correspond, before fees and expenses, to the performance of the Fidelity Clean Energy Index, which is designed to reflect the performance of companies involved in the clean energy industry.
🎯 Investment Strategy
The ETF invests in a diversified portfolio of companies that are engaged in the production, distribution, and storage of clean energy, including renewable energy sources such as solar, wind, hydroelectric, geothermal, and biofuels. The fund aims to track the performance of its underlying index by holding the same securities in similar proportions.
✨ Key Features
- Provides exposure to a broad range of companies in the clean energy sector
- Seeks to track the performance of the Fidelity Clean Energy Index
- Low expense ratio of 0.00%
- Relatively new fund with limited performance history
⚠️ Primary Risks
- Sector-specific risk: The fund's performance is closely tied to the clean energy industry, which may be subject to volatility and regulatory changes
- Tracking error risk: The fund may not perfectly track the performance of its underlying index
- Market risk: The value of the fund's holdings may fluctuate due to general market conditions
- Liquidity risk: The fund may have difficulty buying or selling certain securities, especially in volatile market conditions
👤 Best For
The Fidelity Clean Energy ETF may be suitable for investors seeking exposure to the clean energy sector as part of a diversified portfolio. Investors should have a long-term investment horizon and be willing to accept the higher level of volatility associated with a sector-specific fund.
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