RNRG

Global X Funds Global X Renewable Energy Producers ETF

$33.31

+0.00%

Market closed. Last update: 10:58 PM ET

📎 Investment Objective

The Global X Renewable Energy Producers ETF (RNRG) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Global Renewable Energy Producers Index.

Overview

ETF tracking Global X Funds Global X Renewable Energy Producers ETF

Category Energy

Issuer Other

Inception Date 2015-05-28

Market Cap $27.2M

Average Volume N/A

Dividend Yield 0.31%

52-Week Range $23.50 - $34.27

VWAP $33.41

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF invests in companies that produce energy from renewable sources such as solar, wind, hydroelectric, geothermal or biofuels. The fund seeks to track the performance of an index that is designed to measure the performance of the global renewable energy industry.

✨ Key Features

Provides exposure to global companies involved in the production of renewable energy
Diversified portfolio across different renewable energy sectors and geographies
Low expense ratio of 0.00%
Relatively new fund with limited performance history

⚠️ Primary Risks

Concentration risk as the fund is focused on the renewable energy industry
Exposure to regulatory and policy changes that impact the renewable energy sector
Currency risk for international holdings
Potential volatility due to the emerging nature of the renewable energy industry

👤 Best For

This ETF may be suitable for investors seeking exposure to the global renewable energy industry as part of a diversified portfolio. It may be of particular interest to investors with a long-term investment horizon and a higher risk tolerance given the growth potential but also volatility of the renewable energy sector.